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

Why Do Stocks Split?

Why do stocks split? Companies will often split shares—and, so, prices—to make purchasing the stock cheaper for investors. However, it’s also important to note that a stock that splits is not necessarily a great investment, even if it’s now cheaper.
Why do stocks split? When a.. Read More

Hi Pat: This is my first time asking a question. What is your opinion on the following as an investment: Income Streams III Corp equity dividend shares (STQ.E)? Thank you.

Income Streams III Corp equity dividend shares, $7.28, symbol STQ.E on Toronto; (Units outstanding: 1.4 million; Market cap: $10.2 million; www.quadravest.com), is a split-share company with two types of shares: equity dividend (symbol STQ.E on Toronto) and capital yield (symbol STQ on Toronto).

Split-share companies typically… Read More

Hi Pat: What do you think of Dividend 15 Split Corp.? The yield is about 9% and holds the top 15 financial corporations in Canada. I know the banks don’t have a 9% yield so I am not sure how these work. Please provide your recommendation. Thank you!

Dividend 15 Split Corp., $12.30, symbol DFN on Toronto (Shares outstanding: 13.6 million; Market cap: $167.3 million; www.dividend15.com), is a split-share investment corporation that holds shares of 15 companies: BCE Inc., CI Financial Corporation, Bank of Nova Scotia, Thomson Reuters, National Bank of Canada, TransAlta… Read More

Your comments on Dividend 15 Split Corp. would be appreciated. The return looks impressive and it holds many of the stocks you recommend. Keep up the good work, I’ve been in the Inner Circle for years and have profited nicely. Many thanks.

Dividend 15 Split Corp., $11.69, symbol DFN on Toronto (Shares outstanding: 11.2 million; Market cap: $131.2 million), is a split-share investment corporation that holds shares of 15 companies: BCE Inc., CI Financial Corporation, AGF Management, TransAlta Corporation, SunLife Financial, Canadian Imperial Bank of Commerce, TransCanada… Read More

Hello, I would like your opinion on Copernican International Financial. I have some shares in this company. They got hit hard in the downturn, but are slowly coming around.

Copernican International Financial Split Corp., $0.60, symbol CIR on Toronto (Shares outstanding: 5.7 million; Market cap: $3.4 million), is a split-share company that holds shares of leading retail bank, life-insurance and investment-management companies based outside of North America.

Copernican International Financial Split Corp. first sold… Read More