Precious Metals and Mining Trust T.MMP.UN

Alternate Symbol(s): PMMTF

Financial Services Asset Management

Precious Metals and Mining Trust (the Trust) is a Canada-based investment trust. The Trust's investment objectives are to provide unitholders with long-term capital appreciation and monthly cash distributions. The Trust's assets allocation includes Canadian equity, international equity, cash and equivalents, United States equity and other. The Trust invests in various sectors, including gold and precious metals, metals and mining, chemicals and gases, forestry and paper, and others. CI Investments Inc. is the manager, portfolio adviser and trustee of the Trust.

TSX:MMP.UN - Post by User

Precious Metals and Mining Trust

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Post by bjbearon Mar 15, 2016 9:24am

116 Views

Post# 24658993

SHORT TERM CORRECTION IN GOLD AND MMP.UN

I think we are going to get a short term correction after a great run on gold and gold stocks. Looking at gold going to perhaps 1200 and MMP.UN 1.80 to 1.85. As for the dividend it is mostly a return of capital as the fund stock holdings mostly don't even pay dividends. Nice to get a dividend every month but it only reduces the NAV of the fund so a zero sum game. One problem lately is the poor liquidity of the fund making it hard to buy or sell any large quantity of units. In any case for the long run MMP.UN should continue it's recovery but first a correction.

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