Investment Q&A

Q: Hi, I live in BC where the above companies were just awarded 3 wind projects each totaling about 550MW with 30 year electricity purchase agreements from BC Hydro. (First Nations will have at least 51% ownership of the projects.) Both companies pay a good dividend, but seem to have seen better days. I am just wondering whether you answer questions about companies this small and if so what do you think of their current state of affairs and prospects for the future?

Q: in answer to Stephen's question today did you mean Capstone was acquired; if so by whom?
Hugh

Q: Hello 5i Team
There are three companies that have issued preferred shares (Capstone Infrastructure, Co-operators General Insurance and Empire Life) which do not have publicly traded common shares.
As far as I can determine, the companies still file quarterly/annual financial statements on SEDAR, so I can review the financials of the underlying company.
Questions are:
1 - Why do these companies continue to maintain the listing of these preferred shares and given the low interest rates and low trading price, would it be possible that the companies could redeem the preferred shares or purchase them under a NCIB?
2 - Are there potential opportunities in purchasing these preferred shares at opportunistic prices (similar to mid March lows) if we have a general pull-back in the market. I understand that I could have a long hold period for these preferred shares as a result of low trading volume.
3 - Should I concentrate my effort in reviewing other preferred issues and simply ignore these three issues as "noise".
Thanks