GREY:CRIUF - Post by User
Comment by
deisman03on Jan 23, 2019 5:16pm
120 Views
Post# 29272837
RE:RE:Why the selling?
RE:RE:Why the selling? The fly in this plan it that the ex distribution day is 2 months AFTER each quarter release.
This isn't at all in the same manner of their peers.
That will cause some real concerns for people and even some brokers that haven't done their due diligence. I spoke with a lady this morning, whose deceased husband had included Crius in his TFSA/RRSP portfolios.
She isn't nearly as astute as her husband, who did his own investing. He passed just before the $11 peak and knowing him he would have sold,
She on the other hand was distraught and had to close out his RRSP/TFSA and deal with the issues that weren't dealt with ahead of time.
While all of this was going on, the distributions/divvies from the investments kept coming in. She wasn't paying attention to the bottom line.
The estate went into Probate becasue no will was written by either of them. Young couple, going to live forever????
She had no clue about what's going on until I let her know that her income would be lower for the next 5 months because of the restructuring of Crius.
She isn't hurting for money and her only reply was that a broker would be taking care of everything now. I have no idea how large the portfolios are, I do know he had 20k Crius in at least one of them.
These are the people it's going to hurt.
When the distribution was being paid monthly, it was easier to play the swings than it will be in the future. Likely not nearly as many swings.
As for a take over???? RBC loan??? Anything is possible right now. My question is, WHY??? Their cash flow is good, they already have a line of credit to draw from and they aren't going after any new acquisitions at this point soooooo????
GLTA the good foks here