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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: I am looking for an ETF that reflects gold + silver + platinum companies or physical holdings. I'm sure there used to be such a Cdn offering but I can't find it anywhere. Thanks. DA
Read Answer Asked by Derek on February 10, 2016
Q: Most if not all of the convertible bonds offering I have seen, the conversion price is at a premium to the trading price of the stock. This one is somehow unique. Can you please explain why? If I am holding the shares in a registered account wouldn't be better to hold the convertible instead (more secure and higher distribution at least for now)? Would this situation encourage arbitrage, buying the convertible and selling the stock short driving the stock price down? Do you expect that this bond to sell at a premium to the stock as soon as it hits the market?

Thanks
Read Answer Asked by Saad on February 10, 2016
Q: Hello:
What do you think the chances are that the Bank of Canada might lower its benchmark
intetest rate.
Thanks: Jerry
Read Answer Asked by Jerry on February 10, 2016
Q: 6:42 PM 2/9/2016
Hello Peter
Could you please comment on the Algonquin Power takeover of Empire Electric in Missouri. The deal looks very interesting to me. Algonquin are simultaneously offering 5.00% Convertible Debentures - Instalment Receipts. The Conversion price is $10.60 well below the closing price of the shares yesterday $11.54.
Could you answer these questions for me and comment on the Company and on the Debenture issue.

1. It seems very surprising to have the conversion price LESS than the market price. Why?
2. Would you prefer the Debentures or the Common shares for steady income.
3. Will the common shares trade down to the conversion price on open Feb 10th?
Many thanks.......... Paul K
Read Answer Asked by Paul on February 10, 2016
Q: Re your response to Warren on the convertible debetnures.

If the conversion is $10.60, that offers a discount not premium to current market price of $11.50. It should probably sell at a premium to par once trading.

Sheldon
Read Answer Asked by Sheldon on February 10, 2016
Q: In regards to Mike's search for Canadian Dividend Aristocrats he may find this site helpful:
http://www.dividendgrowthinvestingandretirement.com/canadian-dividend-all-star-list/
Read Answer Asked by Alan on February 09, 2016
Q: I am trying to get a list of the latest version (I believe issued in late January 2016)of the companies included in the Canadian Dividend Aristocrats (CDA). I have tried the internet but cannot find a listing of the CDA. Thanks Mike
Read Answer Asked by Michael on February 09, 2016
Q: Brookfield Renewable Announces Final Results of Exchange Offer and Intention to Take Up Class A Preference Shares, Series 5 of Brookfield Renewable Power Preferred Equity Inc.
Would you be a buyer of this stock in the current environment with a possible 2 year hold. (How does the above affect a current shareholder? Thank you.
Read Answer Asked by Maureen on February 09, 2016
Q: As a retired investor seeking income and preservation of capital in a diversified portfolio, would you own Chemtrade or Russel Metals?
Presently own 1/2 a position in Russel and was thinking of switching to Chemtrade for the short-term. Thanking you in advance.
Read Answer Asked by Isabel on February 09, 2016
Q: Please comment on Cgx latest earnings. Time to buy?
Read Answer Asked by Paul on February 09, 2016
Q: HI Peter and team - I hold some Concordia in a US account and am interested in adding Concordia to my Canadian account. However it has a P/E ratio of about 190. Of how much concern should this be. What would it take to bring this P/E down to a more reasonable level and is Concordia on track for this. Thanks.

Rob
Read Answer Asked by Rob on February 09, 2016
Q: Hi 5i,

I rarely ask questions. I find the answers usually in the Q&A database. I have a credit of 93 questions. (Hmmm, wonder if there is an aftermarked for 5i Questions, ha ha ha).

Seriously, I would like your opinion on Dividend Select 15 Corp. I understand it is a holder of quality Canadian dividend producers and can increase the amount of its distrubuted dividend by writing covered calls against the underlying holdings. I would like to hold this in my TSFA, with a DRIP strategy. I would be looking for at minimum a 5 year hold after which I would exit the DRIP and use the income to supplimnent my retirement income.

You have the best service out there.

Jim,

PS. It would be cool if the 5i person who actually answers the Q&A's indicates their intials (P=Peter, R=Ryan, T=Team) etc.)
Read Answer Asked by Jim on February 09, 2016
Q: Hello 5i team,
In my previous question, I asked for names of Canadian ETFs or Mutual Funds that invest in US New Techs; I specified "Canadian" because I did not want to pay a 40%+ currency premium. You gave me FDN (a US ETF) instead.
I look forward to your response
Antoine
Read Answer Asked by Antoine on February 09, 2016