RE:RE:Adious BEPHey Leo
I was pretty sure that it was just anoher bad/misleading press release from Brookfield on the true date. I had decided to sell the last 200 shares regardless.
It sure has been on an absolute tear these last two days since the split so I did leave a bit of dough on the table. That's fine by me as we did make a total profit on BEP of $140.2k and all the units were in registered accounts so no capital gains tax issues. Also, the stuff I bought is also up and we're collecting quite a bit more in annual dividend income.
Anyway. all is good out his way but I can certainly see why you're hanging on to it.
Take care
Sarge
leo101 wrote: hey sarge, after the last fiasco i actually started reading the messages from tdw and saw that it would trade x split on dec 14. agreed that it's over priced but the world is in love with renewables so i'll rider 'er out.
trudeau draws blood from me tomorrow so the thought of more capital gains is not a pleasant experience right now.
SargeX wrote: I just sold the rest of our BEP.UN on Friday. We rarely trim but it just got too over-priced and the yield had gone down too much. Same story for NPI but because of large cap gains, we only trimmed 30% of it.
We just spread all that dough around to a number of our exisitng holdings including midstreamers. i really think the our renewables are over-priced and the midstreamers are solid buys.
As an aside, I noticed BEP did the exact same thing with the record date of the 3 for 2 split as they did with the BEPC spinout (see quote from Nov 4 press release). What f8cking twits as the record date is actually Dec11th but the news release sure appears to be quite clear.
Leo - time for another e-mail to our gal Cara?? :-)
On December 11, 2020, the additional units/shares required to give effect to the unit/share splits will be issued to holders of record at the close of business on December 7, 2020.
Ciao
Sarge