Q: There are proposed changes with PIC could you clarify the ongoing business. financials for this year and upcoming events.Use as many credits Tks 5i
You can view 3 more answers this month. Sign up for a free trial for unlimited access.
Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: I am interested in parking some cash in a dividend producing vehicle. I've come across PIC.A which has posted impressive dividends over the course of many years. Could you explain the mechanism of how they are able to produce such dividends and please give your opinion of their ability to continue such going into the future. Any alternatives that you prefer would certainly be appreciated
- BMO Covered Call Canadian Banks ETF (ZWB)
- Premium Income Corporation Class A Shares (PIC.A)
- Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK)
- Hamilton Enhanced Canadian Bank ETF (HCAL)
- Hamilton Enhanced Canadian Financials ETF (HFIN)
- Mulvihill Canadian Bank Enhanced Yield ETF (CBNK)
Q: Is there some way to score-board enhanced-yield Canadian bank ETFs/funds that assigns more weight to the factors that make more of a difference? Yes, fees add up, but even over the long term it's hard to see how basis-point fee differences could outweigh percentage-point yield differences. And won't either of these factors be outweighed by distribution tax treatment and, especially, by central bank rate-pivoting?
Further, in side-by-side comparisons, 5i often prefers larger ETFs (recently, for example, when comparing CBNK vs BANK.) But given large-cap banks' similar value-propositions and tendency toward mean-reversion, why should higher AUM matter (other than w/rt second-order effects like trading liquidity)? Put another way: what, if anything, could a new entrant to this sector do to make themselves attractive to 5i?
Please add to the supplied symbol list if other names provide more instructive comparisons.
Further, in side-by-side comparisons, 5i often prefers larger ETFs (recently, for example, when comparing CBNK vs BANK.) But given large-cap banks' similar value-propositions and tendency toward mean-reversion, why should higher AUM matter (other than w/rt second-order effects like trading liquidity)? Put another way: what, if anything, could a new entrant to this sector do to make themselves attractive to 5i?
Please add to the supplied symbol list if other names provide more instructive comparisons.
Q: Thoughts on this stock?
It seems to pay a good dividend
Thank you
It seems to pay a good dividend
Thank you
Q: picCould you please put into context the recent earnings from PIC.A. The operating profit of 14.9M and the increase in net assets attributable to class A shareholders of 10.1M does not give me any feel for whether the company has done a good job over the past six months or not or whether that performance is consistent with or better or worse than previous periods in relation, perhaps, to their underlying investments. Thank you.
- Premium Income Corporation Class A Shares (PIC.A)
- Premium Income Corporation Preferred Shares (PIC.PR.A)
Q: Hello Team
I like your opinion on PIC.PR.A:CA and PIC.A:CA
would these two be a good addition to an income oriented portfolio?
And why is the dividend on PIC.A so high?
Can you explain how the windup of the fund works, will these funds eventually windup or can they just go down in price and be rolled over?
In addition if you do not think these stocks are a good investment, can you recommend some good solid Preferred stocks with a good long term track record and relative safety?
Thank you in advance and for your great service.
Don
I like your opinion on PIC.PR.A:CA and PIC.A:CA
would these two be a good addition to an income oriented portfolio?
And why is the dividend on PIC.A so high?
Can you explain how the windup of the fund works, will these funds eventually windup or can they just go down in price and be rolled over?
In addition if you do not think these stocks are a good investment, can you recommend some good solid Preferred stocks with a good long term track record and relative safety?
Thank you in advance and for your great service.
Don
- AltaGas Ltd. (ALA)
- Premium Income Corporation Class A Shares (PIC.A)
- Financial 15 Split Corp. Class A Shares (FTN)
Q: About ALA, FTN, PIC-A, how safe are those dividends ? For income would you buy any ? If so in which order. If none are buyable which other high dividends payers would you recommend ?
Already own over 20 dividend payers but mostly are under 5% except BYP, KWH, BEP, NWH.
Thanks for your help.
Already own over 20 dividend payers but mostly are under 5% except BYP, KWH, BEP, NWH.
Thanks for your help.
Q: The N.A,V of this fund is $7.12 it has lost money in last quarter why not short itÉ
- iShares S&P/TSX Canadian Preferred Share Index ETF (CPD)
- Global X Active Preferred Share ETF (HPR)
- Premium Income Corporation Class A Shares (PIC.A)
Q: PIC.A, CPD, HPR - is there a way of valuing these offerings either with respect to NAV or otherwise?
- Trez Capital Mortgage Investment Corporation Class A Shares (TZZ)
- Dividend 15 Split Corp. Class A Shares (DFN)
- Premium Income Corporation Class A Shares (PIC.A)
- North American Financial 15 Split Corp. Class A Shares (FFN)
Q: A couple of others do not display above, MKZ.un, BSO, LCS & OSP. Is there a reasonable amount of safety in any of these Very High Di Payers? If a stock pays a Dividend > 8%....who cares if there is NO appreciation, as long as risk is limited.
Thanks as always!
Thanks as always!
Q: I see PIC.A has extended the term of these units but that there is a redemption option available for those who do not wish to continue and a potential 10% gain with that. I am interested in making a purchase now/soon - what would be your advice ???
Q: can i please get your opinion on pic.a for an rrsp account.
Thank You
Craig
Thank You
Craig
Q: I've held this hybrid for the past few years and have enjoyed both income and significant capital appreciation. If the corp. is wound up in November, how would the end result ( ie price) look in your opinion? Thx
Q: Your opinion please on PIC at this time, I understand it will wind up later this year. Also your thoughts on CHW for growth and income. Thanks
Q: Hello Team, I am looking at an Income Portfolio and thinking about adding either PIC.PR.A or PIC.A or both, but I am leaning on PIC.PR.A that distributes a 5.75% steady dividend distribution. I am looking at a 5% weighting. Can you provide your opinion on this fund which utilizes a covered call practice on mostly the financial bank sector?