Sir Royalty Income Fund SIRZF

RE:RE:Lembit Janes buying

[flamingogold]

If she has TFSA room consider moving it there first. The income (and any cap gains) would be all hers to keep... nothing for JT or Freeland. I have mine and my wife's TFSA maxed out in stock. My wife is getting about $1300/mth right now with potential to grow as I have her in Chorus and Inovalis, both currently not paying distributions but very likely in the next year they could resume (CHR first, then INO).

Mine is more growth oriented. Currently I am not getting distributions, I'm holding mostly BBD and doing very well with (currently doubled my position). My target is another double from the current share price and then I plan to roll it into a boring distribution fund like BK that will dish out about $4000/mth in tax free income.

maplak wrote:

flamingogold wrote: This is not the latest news but good to see Janes stepped in to buy stock when it hit the 11's back in June. SRV is a distribution vending machine stock of mine, a sleeper that keeps on giving. No plans on selling anytime soon.

Well said the same here. As a matter of fact I have some plan with my holding. My wife owns the stock in her cash account and is up about $ 7000. Selling would be subject to capital gains tax. Since her her pension will be very small I am building her RRSP income portfolio. So next year I will move whole stock to her RRSP account called contributions in kind. The half of the capital gains will be taxed but by moving stock over she gets thousands in tax refund. Plus no interruption in dividend income.