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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: It seems like the NAV and distribution on this are extremely well protected, if I understand it correctly.
Would any drop in the price of the underlying banks be deducted from the NAV of BR before affecting the NAV of BR.PR? (would NAV of BR have to go to zero before affecting the NAV of BK.PR?)
And in the unlikely case that several of the banks cut their divs, would some of that cut be accommodated by cuts to the distribution of BR before affecting BK.PR's distribution?
Last, if the price of BK.PR falls due to sentiment - as opposed to drop in NAV - the product can be at some point sold back to the issuer at the then current NAV?
Is there a risk I am not considering?
Thanks,
Read Answer Asked by Peter on September 02, 2022
Q: I was reading an article recommendIng these high yielding closed end funds. They appear to be blue chip. Apparently CEFs usually trade at a discount and once the market is ready to turn around they will provide additional leverage. When does it make sense to purchase CEFs when there are equivalent etfs?
Read Answer Asked by Albert on June 27, 2022
Q: I've owned Pender Growth for a long time and done very well. I've accepted the high fees and volatility as the price of ownership.
But , it's now heavily concentrated in one stock - Copperleaf - and has followed CPLF's downward trajectory.
Want to make sure I am understanding this correctly , because , if so, this concentration puts me beyond comfort level with dollar value tied largely to the fate of CPLF.
Your general thoughts on PTF and its current composition appreciated .
Thank-you.
Read Answer Asked by William on June 03, 2022
Q: Could I get your comments about buying PDI.UN in an RRSP? The price has come down substantially (as might be expected), it is trading near its NAV, and it appears to have never missed a dividend. I recognize the high fees, but the 12% yield has caught my attention. What do you think of its holdings (in general and how risky), do you think the dividend is sustainable under current conditions, and would you see the price moving back up a bit if rates don't go much lower? If buyable, would you buy now or wait a bit longer on rates.
Thank you
Read Answer Asked by grant on May 17, 2022
Q: Hi 5i,
There are two symbols for dividend 15 split core they show up as DFN and DF .... DF pays a higher dividend. Could you explain the difference between the two and if there is a difference or advantage of one over the other.
How do you see their dividend going forward. I am looking for relatively safe income for a small position.

Any other suggestion in this category

Thanks
Jim
Read Answer Asked by jim on March 30, 2022
Q: For the past 4 years or so, DFN fund management has increased the share count via bought deal, two times a year. While it should not matter in DFN's case because of it's business model, each share increase has caused the stock to tumble. It then creeps slowly upwards until the next increase causes it to tumble again. Some months ago DFN announced the "At-The-Market Equity Program" is renewed.

What does "At-The-Market Equity Program" mean? Presumably it also means they can still do large bought deals when the price is high, just that it won't be as predictable as the past years spring and fall issuance..?

Thanks for the ongoing great service.
Read Answer Asked by Mark on March 18, 2022
Q: I am in a quandary, I have no idea what is going on with this split shares. I bought the capital shares at the low of oil stock companies, the shares were $.50. I know that it was highly leveraged and there was no value in the capital shares. I accepted the fact that they could be worthless by 2023, the time that they would be redeemed. I was hoping that the oil stock would recover and the net asset value would go back to $5 as it was in 2018. Well the underlining stocks have mostly hit 5 year highs, but yet the net value of the capital shares are about $ 2.00, so the way I read it the stocks would have to go up another 100 % to get to this value, if my calculations are correct. Rhis is not going to happen, I emailed the company but no response I just do not under stand why the value is so low. Do I have this right if so I blow these shares out. Sorry for the long winded question.
confused

Thanks
auftar
Read Answer Asked by auftar on March 03, 2022
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