Investment Q&A

Q: I am retired and have both a cash and RIF account. In my cash account are the big 5 Banks, T & BCE, FRU & IPL. I see that IPL has cut the dividend & FRU has a "1,437% Pay out Ratio (PoR)!! I have mostly REITs in my RIF & EXE & CHE.
I'm not concerned re the banks or telecoms but the PoR of FRU, CHE & EXE are of concern to me. I also feel that in the longer term, the REITs will survive especially with interest rates so low. Also, to replace IPL would you consider PPL
Your thoughts please.

Q: Hello,
I have a question about the potential need for a Canadian citizen to fie a USA tax return, stemming from their investment in certain assets. I hold both BPY.UN and EPD in various registered accounts (RRSP, LIRA & TFSA). Subsequent to filing my 2019 Canadian tax return, I am now receiving documentation from both Brookfield and Enterprise Product Partners L.P. that would appear to indicate there might be some desire on the part of the U.S. government that I file a Schedule K-1 form, related to income I received from these two entities, during 2019. My questions are:

As a Canadian citizen who holds these investments within my registered accounts, am I in any way compelled to file a Schedule K-1 and/or any associated USA Federal or State tax returns?
Whether compelled to file them or not, is there anything potentially to be gained on my part, if I were to file the U.S.A. federal and any state specific tax returns? (The recovery of any withholding taxes on the income I received in 2019, for instance)

Thank you!

Q: At a 15 % yield, the market must be anticipating a distribution cut. A 2/3 cut brings the yield down to 5 % which seems reasonable for this Brookfield company , even with the inherent problems they will have with retail and possible office properties. What does the balance sheet say about distribution strength? Would Brookfield be very reluctant to cut one of their major companies? Would you nibble on this one or stay away from the sector altogether? Thanks

Q: My wife and I are seniors drawing from our RRIF's and we are 'buy and hold' type of investors and need income. Your recommendations to 'harvest' capital losses is something that we have not really done previously but this suggestion is resonating with us now. If we were to do this I think we would look for 'proxy' purchases for at least the 30 day waiting period before we could repurchase the same equities if we wished.
Could you suggest some appropriate 'proxy holdings' we should be aware of for the following equities?
1. The REITs HR.UN, BPY.UN......would ZRE be a good holder?
2. EXE
3. POW
4. FM
5. MTY
6. TFII
Please use my question credits as appropriate. With thanks

Q: I hold BPY in my RRSP and have a small amount of cash to invest. Given the hit bpy has taken the dividend yield is now in the 15% range and am thinking of adding to my position. Would you consider their dividend relatively secure? What is their payout ratio?

Q: I have the following securities in what I consider a balanced portfolio. The fixed income portion doesn’t show here because it consists of OAS. CCP. Plus two other pensions.
I’m thinking of sell part position in MMX ( small loss);and ARE to realize a capital loss while at the same time raising some cash for the next pullback. I like TFII . We need to keep the food chain moving. Trucking an important part . The other is cargo jet. Am I on the right track . Your opinion. Or would you look elsewhere given the current holdings.

Q: Which company do you prefer in this environment - BYP.UN or HR.UN? Do any have a risk of a distribution cut or will it all work out more or less once the pandemic is under control?
Thanks for your service

Q: Hi 5i Research Team:

I have traded Forex before and am new to stock trading. 90% of my RRSP, RESP and TFSA is in cash and I'd like to avail the current market conditions by "gradually" buying the dips.. and holding it over the long term, 5 to 10 years. I understand that no one can time the market or its bottom.

After exploring the reports and questions on your site, I have identified the enclosed 29 stocks based on following criteria:
- Current Retracements of > 75% over 52 week high & low
- Dividend Yield > 5% (in some cases, like WEED, which is a bit risky, I understand there's no dividend in the near term.. and I am simply going for the upside swing over the next 2 years... same for CRON and Air Canada)

Considering my 90% cash position and strategy to partially buy in on dips over the next few weeks, can you please advise if my stock selection is sound. In addition to my stock picks, please advise anything else that I should keep in mind.

Thanks for everything you do. Much appreciate.

Q: NWH.UN or BPY.UN which would you prefer? Buy now or wait, understanding the volatility risks?
Thanks for your service

Q: Good morning - BPY.UN continues to get hammered relatively harder than the TSX overall. Yield is now over 16% in CAD. Is there a dividend cut coming?
Thanks

Q: Hey, First time asking a Q ever..

For BPY.UN, are all their leases longer in nature and how much in danger are they in cutting they divvy? I would guess some of their tenants might be in danger if this keeps up but the contracts should be solid. Thoughts on risk/return for BPY.un?

Same questions for SRU.UN.

Thank you

Q: Hi Peter and Ryan,
Can you offer some insights on why BPY.UN is down much more than its peers such as CAR.UN and CHP.UN? Is it wise to replace BPY. UN with either CAR.UN or CHP.UN at this moment? Thanks,
Martin

Q: Good Afternoon,
Do you know if any of the Brookfield companies have ever cut dividends? Specifically BPY.un looks very attractive here with a 12% yield?
Thoughts?
Thanks

Q: Are there any companies out there now with an 8% or higher dividend that you would suggest for a long term hold? I say 8, bc it hasn’t been overly hard to find 4-5 before this carnage. I picked up ENB already, and I’m ok if the short/med term div is cut and the price falls further. I’m really looking for stocks that will likely pay a high stable dividend into the future (based on current prices) after things return to normal. No preference on sector.

Q: Hi 5i - how do these 2 REITS look at todays prices for a long term hold? I own both at 2 and 3% respectively and I am considering topping both up to 4%. Thanks, Neil

Q: I want to buy Brookfield stock, please help me to make my choices and
grade them by order suggesting best choice first .
andrew.

Q: Has Brookfield Property Partners issued dividend guidance?

Q: Hello peter, At this time, which would you prefer from total return perspective.
BIP - 1 year high and yield 3.9%
BEP - 1 year high and pay 3.8%
BPY - towards 1 year low and pay 7.2%
Are you concerned with low dividend growth at BPY.
Thanks

Q: As I look around the city where I am temporary, I see all these “tired older malls” with a huge footprint (buildings and parking lots) in well established neighbourhoods. Is it possible that the buying up of these might be a future development play?

Q: buying malls and doubling down on malls later . on fundamentals so far does this look like a good strategy on your wealth of experience would you feel comfortable with this stock ,thanks.