RE:RE:RE:Wow!! 9.37% Dividend Monthly Payout!Hey Truthseeker!
Re the RoC issue: I hold mutliple REITs in our Margin Account - and some (like TNT.UN) were selected for yield and the high proportion of RoC in their distribution - to reduce the annual tax bill. I'm not worried about the ultimate tax bill - cuz I'm not planning on selling. So CG taxation will be an estate issue after the last survivor of my wife and I kicks the bucket. If tax on capital gains has to be paid, well that is a good problem to have!
Also, since I opted to use preferred shares as the 40% of our portfolio allocated for Fixed Income, I consider that the increase in Unrealized Capital Gains due to the REITs annual RoC helps to offset any Unrealized Capital Loss associated with our preferred shares.
Re Skyline: I haven't encountered any chatter about Skyline on StockHouse for a long time. I was initially introduced to Skyline by another SH blogger (apparently now disappeared) in early 2018, and, after as much due diligence as possible, I decided to go for it. Very, very pleased that I did! As you mentioned, during the Wu Flu market meltdown of March 2020, it was great to have some portfolio components that weren't dropping like rocks! And the increases of 13% to Apartment and 20% to Commercial REIT unit values announced on Friday were really nice Valentine's Day gifts! Good management and great communication skills by the Skyline team! We now hold $1.7 M in the 3 REITs and the Clean Energy Fund. Also, all of the Skyline investment funds return a high proportion of RoC and Unrealized CG!
Cheers!
truthseeker1 wrote: I have a lot of tnt and also skyline (private) nice thing with skyline the value does not fluxuate I figured commercial values would be stagnent but surpise surprise my skyline went up 2.75 so iam(on paper) 412K richer ;; selling your tnt at 8.15 and buying at 4 was pure luck for sure trouble is the roc u recieved and the increase in value are taxable when u sell
pandsca wrote: Yup, it's safe and pays monthly at that.
I've had this stock for years. After collecting Divs for 5 years, I had sold everything for $8.15 just before the March melt-down last year. I then got lucky picking up a tonne around $4 last March.
I've been adding more since and have never had any regrets.
It's not just a great stock as yo umention, the company has great solid and promptly paying clients (gov, banks, big orgs).
With the COVID crisis and the return to office work in the future becomming less prevelant, I don't expect them to reahc the $8 mark for a very long time, but until then, the divs are well worth holding this for a long time to come.
Finally, they have nver once cut their div in teh time I've owned, nor does it look lik ethey will in the near future.