Investment Q&A

• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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Q: There have been a few questions related to an upcoming change for BEP.UN. I am not clear on what is actually happening or why.
I hold BEP.un, and would appreciate it if you could please explain what is going on, what you are recommending and why as well as timing of implementing your recommendations. As always, many thanks for your help.

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Read Answer Asked by Alexandra on July 22, 2020

• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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Q: Regarding the share split, is there any indication as to what the initial trading price of BEPC shares will be. Would you expect any initial decline in the value of the BEP.UN units after the split.

Thanks for the good service
Clarence

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Read Answer Asked by Clarence on July 22, 2020

• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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Q: Is there any advantage in any scenario to holding BEP.UN units over holding BEPC shares going forward, or any scenarios where one would want to convert the BEPC shares to BEP.UN units as they offer? Will investors just stop buying BEP.UN and just buy BEPC instead?
This deal will be quite dilutive to BEP will it not by fundamentally diluting the share count by 25%?
Thank You

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Read Answer Asked by Clarence on July 22, 2020

• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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• Brookfield Infrastructure Partners L.P. (BIP.UN $47.85)
  • $47.85 P/E (TTM): 52.91X Cap: $22.07B
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Q: Hi folks
I own all 3 in my RRIF. I'm confused with the split for BEP.UN coming on the 26th. Should I switch BEP.UN to BEPC now? Or do nothing. should I switch my BIP TO BIPC? are the Cs better?
Much thanks as always

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Read Answer Asked by El-ann on July 21, 2020

• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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Q: I'm short out of the money covered calls for August expiry for some of my shares in BEP.UN. Given the BEPC shares dividend, I expect the BEP.UN shares to drop after the July 24th expiry date but I'm a bit confused as to whether the BEPC shares will follow the option or remain with me after July 24th. In other words, will the option be priced for just the BEP.UN shares or the BEP.UN + BEPC shares after that date.
Thanks
Peter

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Read Answer Asked by Peter on July 21, 2020

• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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Q: Can you tell me the different between BEP.UN and BEP.C ?
Thanks

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Read Answer Asked on July 21, 2020

• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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Q: Just talked to my broker on the conversion of BEP.UN to BEPC, he mentioned that the conversion will be done automaticly and I do not need to sell one for the other but he seemed somewhat hesitant when he said it. This is in a registerd account and I wnat to make sure he is right
Thanks for the info

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Read Answer Asked by James on July 21, 2020

• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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• Algonquin Power & Utilities Corp. (AQN $8.93)
  • $8.93 Cap: $6.86B
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• Northland Power Inc. (NPI $19.13)
  • $19.13 Cap: $5B
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Q: Hi 5I team,

If I have to pick one among the 3 above, which one would you recommend and why?

thanks,

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Read Answer Asked by Irene on July 21, 2020

• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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Q: Can you guess when one will receive BEPC shares due to the BEP.UN split? I wish to sell the BEP.UN and buy an equivalent number of BEPC
Thanks Don

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Read Answer Asked by Don on July 20, 2020

• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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Q: What are the tax implications of owning bep.un in Canada?

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Read Answer Asked by Ronald on July 20, 2020

• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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Q: Which one would you prefer for income and some growth once the deal is done on jul 27.
I only want to keep one.

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Read Answer Asked by Terry on July 20, 2020

• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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Q: Based on BIP.UN and BIPC performance i'm thinking of switching from BEP.UN to BEPC on the first day of trading. I think July 24th is the ex-date and that BEPC trades on a when issued basis starting the same date. Please confirm. I know there are tax pros and cons but as an investment can you comment on the short term and long term of doing this switch.

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Read Answer Asked by Mike on July 20, 2020

• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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Q: As BEP.UN absorbs the remainder of TERP this quarter and pays for it with BEPC shares, what impact do you see on the stock going forward?
Thanks
Bob Rose

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Read Answer Asked by Robert on July 17, 2020

• Bank of Nova Scotia (The) (BNS $102.08)
  • $102.08 P/E (TTM): 25.18X Cap: $126.74B
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• Enbridge Inc. (ENB $65.80)
  • $65.80 P/E (TTM): 25.03X Cap: $143.52B
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• Sun Life Financial Inc. (SLF $85.41)
  • $85.41 P/E (TTM): 21.58X Cap: $47.60B
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• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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• Chartwell Retirement Residences (CSH.UN $20.57)
  • $20.57 P/E (TTM): 96.23X Cap: $6.25B
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• InterRent Real Estate Investment Trust (IIP.UN $13.39)
  • $13.39 Cap: $1.87B
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• Hydro One Limited (H $53.35)
  • $53.35 P/E (TTM): 24.52X Cap: $31.99B
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Q: I know Chartwell is and will be under scrutiny under the current context. I fell in love with the drip and the monthly high dividends not so much the stock.

What would be your 2-3 suggestion to replace it with? Considering I want a high monthly div that a can drip without investing 100k in!

Thanks

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Read Answer Asked by Claude on July 17, 2020

• Toronto-Dominion Bank (The) (TD $126.90)
  • $126.90 P/E (TTM): 11.16X Cap: $216.64B
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• BCE Inc. (BCE $34.31)
  • $34.31 P/E (TTM): 5.11X Cap: $31.99B
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• Enbridge Inc. (ENB $65.80)
  • $65.80 P/E (TTM): 25.03X Cap: $143.52B
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• Pembina Pipeline Corporation (PPL $56.49)
  • $56.49 P/E (TTM): 19.18X Cap: $32.82B
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• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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• Inter Pipeline Ltd. (IPL $19.12)
  • $19.12 P/E (TTM): 17.07X
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• Keyera Corp. (KEY $45.70)
  • $45.70 P/E (TTM): 32.85X Cap: $10.47B
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• Algonquin Power & Utilities Corp. (AQN $8.93)
  • $8.93 Cap: $6.86B
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• Alaris Equity Partners Income Trust (AD.UN $22.07)
  • $22.07 P/E (TTM): 5.94X Cap: $1B
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• Polaris Renewable Energy Inc. (PIF $12.30)
  • $12.30 Cap: $258M
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• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $6.11)
  • $6.11 P/E (TTM): 24.36X Cap: $651M
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• Shaw Communications Inc. (SJR.A $40.42)
  • $40.42 P/E (TTM): 12.15X
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Q: Please rate the above for the following criteria (best first):
Safety, valuation, dividend sustainability,long term strength,
thanks

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Read Answer Asked by JOSEPH on July 17, 2020

• Sun Life Financial Inc. (SLF $85.41)
  • $85.41 P/E (TTM): 21.58X Cap: $47.60B
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• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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• Primo Water Corporation (PRMW $37.40)
  • $37.40 P/E (TTM): 15.23X
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Q: Hi Guys,

From your Model Income Portfolio, which would be your top 5 picks at this time. Thanks

Dave

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Read Answer Asked by David on July 14, 2020

• Restaurant Brands International Inc. (QSR $91.48)
  • $91.48 P/E (TTM): 24.48X Cap: $41.69B
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• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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• Open Text Corporation (OTEX $37.10)
  • $37.10 P/E (TTM): 15.01X Cap: $9.34B
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• Thomson Reuters Corporation (TRI $158.91)
  • $158.91 P/E (TTM): 31.05X Cap: $70.68B
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• Winpak Ltd. (WPK $43.87)
  • $43.87 P/E (TTM): 14.48X Cap: $2.65B
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• Hydro One Limited (H $53.35)
  • $53.35 P/E (TTM): 24.52X Cap: $31.99B
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Q: I gave up on this stock WPK after several years in Tfsa. I am in early 60’s so don’t wish to go too far up risk scale, however our portfolio is fortunately quite significant so can take some risk.Hold BYD and Kinaxis. Do you have one or two other suggestions? Thanks, Bill

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Read Answer Asked by Bill on July 14, 2020

• Bank of Nova Scotia (The) (BNS $102.08)
  • $102.08 P/E (TTM): 25.18X Cap: $126.74B
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• BCE Inc. (BCE $34.31)
  • $34.31 P/E (TTM): 5.11X Cap: $31.99B
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• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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• Hydro One Limited (H $53.35)
  • $53.35 P/E (TTM): 24.52X Cap: $31.99B
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Q: Asking for a retiree in their early 70s -- Need some Canadian Dividend stocks mainly for income. If you an provide 3 that is safe that'll be great!

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Read Answer Asked by Eugene on July 14, 2020

• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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• Brookfield Infrastructure Partners L.P. (BIP.UN $47.85)
  • $47.85 P/E (TTM): 52.91X Cap: $22.07B
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Q: Have you compared BIP.UN and BEP.UN before?
I hold BIP.UN and see that you recommend BEP.UN in your income model portfolio.
Thanks, Gary

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Read Answer Asked by Gary on July 07, 2020

• BCE Inc. (BCE $34.31)
  • $34.31 P/E (TTM): 5.11X Cap: $31.99B
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• Enbridge Inc. (ENB $65.80)
  • $65.80 P/E (TTM): 25.03X Cap: $143.52B
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• Sun Life Financial Inc. (SLF $85.41)
  • $85.41 P/E (TTM): 21.58X Cap: $47.60B
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• TELUS Corporation (T $18.94)
  • $18.94 P/E (TTM): 24.43X Cap: $29.31B
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• Constellation Software Inc. (CSU $2,640.06)
  • $2,640.06 P/E (TTM): 62.06X Cap: $55.94B
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• Fortis Inc. (FTS $72.32)
  • $72.32 P/E (TTM): 20.66X Cap: $36.54B
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• Restaurant Brands International Inc. (QSR $91.48)
  • $91.48 P/E (TTM): 24.48X Cap: $41.69B
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• Brookfield Renewable Partners L.P. (BEP.UN $39.35)
  • $39.35 Cap: $25.89B
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• Algonquin Power & Utilities Corp. (AQN $8.93)
  • $8.93 Cap: $6.86B
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• Boyd Group Income Fund (BYD.UN)
  • P/E (TTM): 47.0X
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• Kinaxis Inc. (KXS $144.46)
  • $144.46 P/E (TTM): 88.32X Cap: $4.05B
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• Thomson Reuters Corporation (TRI $158.91)
  • $158.91 P/E (TTM): 31.05X Cap: $70.68B
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Q: I have these 13 stocks at equal weighting of approximately 5 percent each in my RSP, along with 35 percent in fixed income. Stock value of approx 1,300,000. Fixed income is approx 650,000. Cash 50,000. In your valued opinion, is the above stock selection diversified enough?, or are there other sectors I should be in. I am 69 and going to retire in the next year.

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Read Answer Asked by Allan on July 07, 2020