Sir Royalty Income Fund SIRZF

Lembit Janes buying

[flamingogold]

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.

[rabnud]

way too many better UT  out there good thing you dont want to sell because it takes forver to move 500 or a 1000 shares and the spread is usally terrible  one of the worst Uuit trust stocks one can own 

[maplak]

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

[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

[maplak]

Reading your post you have a great plan and I hope everything works for you. Honestly I have no idea how much room my wife and I have in TFSA. Just yesterday I have  searched my CRA and got puzzled from all those numbers. I have been wildly investing since 1999 / 2000 during the dot com when interest bubble bursted. Traded Nortel, JDSU , FInisar atc. Crazy times everyone wanted become a

[flamingogold]

maplak, thank you for your sincerity and humbled comment. I too got scorched during the dot com craze and then again panicked during the financial crises only to get whipsawed. Since then, my focus has been mostly boring dividend funds. Enter SRV among a double handful of other boring as "f" equities I own... but ones that kick out monthly income over and over again. Thanks to this