First stock in the clip. He also owns the stock personally as well as in his fund. GLTA
https://www.bnnbloomberg.ca/video/michael-sprung-s-top-picks~2624242
TOP PICK
Alaris Equity Partners Income Trust(AD.UN-T)
07/02/2023
Has been a top pick before, but has had its ups and downs. Now, they have a good balance of companies they're invested in. Can achieve their payout even in a downturn, as their POR is much lower now at about 65%. They have been investing in common stock of some companies, which has worked, and they could be investing for third parties. Pays a tremendous yield of 7%. This trades around book value and cash flows are stable that will grow. So, he'd like to see the yield decline over time.
(Analysts’ price target is $21.00)
Trust, Savings And Loan
Michael Sprung
$17.720
Owned