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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: hi. do you have any information on the hiring of "big" mike McCormack as "head of risk management" at ECN capital. has anybody at 5i phoned the CEO at ECN, perhaps he is at big mike's "waterfront home in FLA". apparently over 5 million dollars in stock/stock options accrued he hath, shortly after his retirement from the Toronto police force? I'm just getting this info from Kevin Donovan's article in the Toronto star march 8, 2021. maybe it's just me, but this sounds a bit odd to me?
Read Answer Asked by chris on February 03, 2022
Q: Globe and Mail reported that between Jan 6-11, three board members of ECN paid an average $5.36 per share and invested about $6.25M. What is the outlook for this company going forward; I don't understand what is left of the company after the sale in December and how profitable it will be going forward. Seems strange that ECN hired ex-Toronto Police Association head Mike McCormack as chief risk officer -apparently he is a friend of the CEO - sounds like nepotism to me and not reassuring to stock holders. Thanks for your comments!
Read Answer Asked by Grant on January 28, 2022
Q: Which of the above names would you be comfortable adding to today? Of those, what would be the priority order for additions? Finally, are there a couple of other names you would see as strong buy candidates to throw into this mix that are trading at attractive levels today?

Thank you!
Read Answer Asked by Andrew on January 17, 2022
Q: Good morning, I have 32 positions spread between the two TFSA's that I manage. I'd like to get that down to 25. The above are holdings that have fallen to less than half positions and I'm wondering if you could suggest 6 or 7 for removal. Also are there any that you would add to in order to bring them up to half positions. Secondly, without knowing my weightings, do you have a suggested sector or two for this years TFSA contribution?
Read Answer Asked by Rod on January 06, 2022
Q: Happy New Year to all at 5i and to the everybody reading this. Hoping that 2022 is a good year for all of us and our families, from a financial perspective and one of well being, health and happiness.

Reviewing some of the past questions, I see that the ECN distribution is treated partially as a dividend and partioally as a "Return on Capital". For the latter, would you know how this is to be treated for tax purposes? i.e. Is it a capital gain, income, ...

Thank You.
Read Answer Asked by Walter on January 03, 2022
Q: Happy Holidays to everyone. I called my broker (cibc) to ask about the ECN dividend and ROC . They just called back to say it won't be paid until Dec 24 and will not be reflected in my account until Dec. 29. This is not what I hoped for, but perhaps the answer is helpful to others looking for this cash
Read Answer Asked by Frank on December 24, 2021
Q: What is you expected "reasonable" ECN share price after it pays out the $7.50 per share to shareholders?

The reason why I ask is because is my ECN share are held in my RRIF account and I can't take that money out. I was entertaining the thought of just reinvesting that money into the newly "shrunken" down ECN shares - as long as it will be traded at a reasonable price.

Thanks.
Read Answer Asked by Victor on December 21, 2021
Q: Would you please explain why ECN is dishing all this money to shareholder and then turn around and then issue a debenture? Wouldn't it be better to use the money they are giving away rather than leveraging their balance sheet? Any indication what this money is going to be used for? Does this improve their growth potential?

Thanks.
Read Answer Asked by Saad on December 17, 2021
Q: If the ECN dividend is setup as a DRIP, how is the price of the new purchased shares determined? Is it end of day value or is there a price guarantee of some sort? I guess what I'm wondering is, will the automatic purchase of new shares from the special dividend effect the market value of the shares on the dividend payout date?
Read Answer Asked by Robert on December 14, 2021
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