The Hidden Drawbacks of Split-Share Corporations

The Hidden Drawbacks of Split-Share Corporations

Split-share corporations come with inherent drawbacks that can hand investors unexpected and unwelcomed costs sooner than they’d planned
Split-share corporations: they’re just one of the areas in which Pat McKeough’s Inner Circle can get our investment research. Members also get to ask investment questions of Pat… Read More

Utilities are attractive right now

High interest rates boost bond yields—and their appeal with investors. Conversely, those high or rising rates can hurt the appeal of high-yield utilities, and their shares, since utilities are then forced to pay higher interest on their debt. However, with interest rates falling in Canada,… Read More

Spinoffs & Takeovers Hotline – Friday, June 21, 2024

BIRD CONSTRUCTION INC., $24.97, symbol BDT on Toronto, is a Toronto-based construction company that provides contracting services to various commercial, institutional, retail, residential, water, energy, and civil sectors. It operates in all Canadian provinces.

Bird announced on June 10, 2024, that it’s acquiring Jacob Bros Construction… Read More

A Yield to Caution: Exchange Income Corp.

EXCHANGE INCOME CORP. $47 (Toronto symbol EIF; Shares outstanding: 47.2 million; Market cap: $2.2 billion; Dividend yield: 5.6%; www.exchangeincomecorp.ca) operates in aviation and manufacturing.
The Aviation unit (60% of its revenue) serves communities in Manitoba, Ontario, Nunavut and eastern Canada through regional airlines. As well, through its Regional… Read More

Spinoffs & Takeovers Hotline – Friday, January 26, 2024

TRIMBLE INC., $50.98, symbol TRMB on Nasdaq, mainly provides advanced GPS positioning systems for auto fleets and other business clients. It also sells connectivity, modelling, analytics and autonomous driving solutions.

The company serves a range of industries, including civil engineering, construction, agriculture, natural resources, transportation and… Read More

A Yield to Caution: Pizza Pizza Royalty Corp.

PIZZA PIZZA ROYALTY CORP. $14.35 (Toronto symbol PZA; Shares outstanding: 24.6 million; Market cap: $353.0 million; Dividend yield: 6.3%; www.pizzapizza.ca) holds certain trademarks and trade names used by Pizza Pizza restaurants in Canada.
Those exclusive names are licensed to Pizza Pizza for 99 years. In return, it pays… Read More

A new buy for growth and income

This month we’re adding AltaGas to our regular TSI Dividend Advisor coverage.
This natural gas pipeline operator and processor shifted its focus to the U.S. following a big acquisition in 2018. Since then, it has sold less-important assets to pay down the loans it needed to fund the… Read More