Post by
leo101 on Dec 29, 2021 11:54am
special distribution
in the past i owned a lot of this when it was trading well under the net asset value but sold most when the discount disappeared and only kept a few thousand shares as a souvenier. it was fun submitting my shares for redemption each year, only a small percent were redeemed but it was an easy 10 percent profit and gave me something to look forward to when the results of redemption were announced.
there has always been a large amount of return of capital in the tax statement and i'm sure the figure will be in excess of 44 cents this year so all the hysterics on this board are probably much ado about nothing. the management fees were lowered several years ago and now they are in line with an actively managed etf so it's a good option to etfs. i've held it so long that all the return of capital over the years has made my adjusted cost base is very low and that Ahole trudeau would get a good chunk of any proceeds if i sold out the remainder of my shares.
Comment by
GassXX on Dec 29, 2021 1:42pm
Leo makes some excellent points
Comment by
Joe455 on Dec 29, 2021 4:45pm
Trevor, you don't like stockhouse and stockhouse doesn't like you so please do everyone a favor and piss off.
Comment by
Karren411 on Dec 29, 2021 2:44pm
Leo makes some excellent points, thumbs up
Comment by
Scarlada1 on Jan 03, 2022 2:21pm
This post has been removed in accordance with Community Policy
Comment by
SusanBolland on Jan 15, 2022 4:44pm
Leo makes some great points