Capstone Infrastructure Corp T.CSE.PR.A

RE:RE:price rise

[smoking81]

Still seting new highs. There must be some action expected in terms of buy back.

[pierrelebel]

The shares have moved quietly from the $13.00 range to nearly $14.00 in the last four weeks while similar preferred issues (4 years to reset) remained at the same level. Volume is light. Possibly someone knows something about an offer for outstanding preferred or someone is speculating an offer is coming. Time will tell. In the meantime we are sitting on our shares collecting 6% tax advantaged

[smoking81]

Heard Capstone may be buying Regional Power. They also have a deal to build a power project in Alberta. I would bet a lot of money wants to get out of Britain with the Brexit problems getting bigger. Why not also buy back our preferred shares?

[pierrelebel]

I have added 700 preferred shares to my position this morning ($12.17). The current - tax advantaged - dividend yield is 6.74% - quite respectable. Howewer, keep in mind that the dividend will be reset 19 months from now (July 2021).  Based on current Canada 5 year rate (1.6+%), the new annual dividend would be $1.08 for a yield of 8.83% based on current price ($12.17). I can live with

[Lucentio]

Good post, I followed your example and picked up 1100  at $12.10