RE: RE: RE: RE: cgq.e
Ihope that Stockhouse gets the bugs out of this website and soon!
Atthe termination date of a fund the assets are sold and the proceeds are paidout to the remaining shareholders as of a fixed date. There are times when this date is re-set and advanced into the future; the board ofdirectors will make that determination.
CGQ.Ehas a termination date of on or about November30, 2013. Based on Friday’sclose of $5.72 that’s 25 months of dividends yielding +18¼ % plus the net assetvalue on that date.
I am betting that long before 2013; the US will be far along theroad to fiscal recovery that the Greece crisis will have long beenover allowing Europe to return as an economicpowerhouse. That China and the rest of theB.R.I.C.’s will continue there economic domination, all of this will carry Canada to new economic tradeand industry heights.
If I am wrong and these Canadian ‘blue chip’ holdingsof CGQ.E are lower then that would mean the entire global system is in thetoilet. Yes we may get a few bumps alongthe way, but with bonds yielding 1-2% I don’t mind earning 18% plus the realpotential of a huge capital gain while I wait.
HOLDINGS OF CGQ.E AS OF SEPTEMBER 30
Telus Corporation
Toronto-Dominion Bank
Loblaw Companies Ltd.
Canadian Imperial Bank of Commerce
American Express Company
Microsoft Corp.
Goldman Sachs Group Inc.
Bank of NovaScotia
BCE Inc.
Bank of Montreal