Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
To provide Shareholders with a high level of dividends and capital growth over the longer term, by investing in companies and REITs domiciled in Canada as well as in the US.
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Canada coming out of recession so I guess we could be close to the bottom..good entry point IMO.
Have effected yet another top up at 78. Fingers crossed !!
There is some concern about the currency and some weakness due to commodity prices. I'm not sure this explains that the sp in 10% below the NAV. With a yield of over 6%, I hold a decent amount in my pension fund and consider this as a long term investment. GL with whatever you decide to do.
Still intrigued by this . Have been topping up in small amounts since September but I cannot get any logical analysis of the lack of movement in what should be a safe haven . Any followers out there help ?
NAV. 89.32, current price 77.5 or 15% below after paying 1.5 quarterly dividend I.e. a yield of 7.7%. Can anyone explain?
Yielding 6%. How much longer can this last. Either the dividend will be cut or the price is too low! I hope the latter.
Anyone offer any explanation for this ??
Thanks. I have held small amounts in the past primarily for income within my SIPP . The attraction of recovery in Canada is appealing and the yield is so good . I think I will start topping up gradually.
I look for guidance as well! All I can say is I hold a chunk for the Divi (accrued is in the price so take of 1.5 p) in my portfolio but have noticed that from time to time the NAV is close to the SP butl recently 10% below which is baffling. It's a fund with a good return not a share that can go belly up ( of course possible one of their investments could) and I think Canada is in re overly mode all but slowly. Yield today 6% so say no more. Good luck whatever you decide to do.
Any explanation for this weeks gallop of SP. This trust really intrigues me notwithstanding currency considerations . Is it ex-div yet ? I am tempted to top up significantly .
Good to se the price catching up the NAV But still a way to go....GLA.
Should be higher IMHO. The company bought shares with cash it had on the book last week at 92.75 and the Nav is 104! I bought some more also last week as well but not as a spec....I am holding for the income. It's not the first time the Nav has moved this far away and it seems to come back into line from time to time. GL
I have bought this for income generation but the price has steadily dropped . Any views ?
Anyone any idea why we are so far away from the NAV? With a yield of nearly 6% I'm surprised we ar not nearer 100 at least. I have no intention of selling as am here for the income but am thinking of getting some more. GLA
This fund is currency hedged if you look up the fact sheets. so far intelligently in so far as weakerCanadian dollar has not affected the NAV. the future these days is uncertain but Canada is a large asset rich country so as part of a balanced portfolio worth a look
Nav 102 or 7% above current price. Steady income here so surprised at the discount. Anyone any views?
Recently a depressing hold and maybe like me you reduced your holding over £1 . Long term it will recover but nobody can tell you when. At some point it's a buying opportunity - anything under £1 long term just that but anything cheaper is better.
NAV over 105. Surprised we are not a bit higher. Not bothered as I hold these for the income and currency hedge so not looking to sell but we were tracking the market before the recent fall.
Guess the strengthening $ is helping as well.
Good to see some recovery in the share price over the last month or two, possibly helped by an IC tip last month. However, the SP hasn' t done much over the year tailing below the NAV slightly, but this is a stock for Dividends. The NAV on 21 May was 108.10
Middlefield Canadian Income GBP PC - a cell of Middlefield Canadian Income PCC_____ Sale of Redeemable Participating Preference Shares out of Treasury_____ Middlefield Canadian Income PCC (the "Company") announces that today it has sold for cash 250,000 redeemable participating preference shares each of no par value in Middlefield Canadian Income - GBP PC (the "Fund"), a cell of the Company. The shares were sold out of treasury at a price per share (before expenses) of 109.25 pence. The net proceeds will be used in further pursuing the investment objectives of the Company. ( 22 May 2014 )
Indeed -at some point this will rise more than we are comfortable with - not yet-but may even then be worth sticking with. Canada has solid assets that UK has not..
Interesting that a few weeks ago the NAV was discounted nearly 10% and now nearly zero. Not that I'm bothered as I hold this for the income and currency hedge in a pension portfolio. Still it's encouraging.
The Fund invests in a broadly diversified, actively managed portfolio of Canadian equity income securities. As at 31 March 2014, the asset class weightings of the Fund's portfolio were: Asset Class Portfolio Weighting Financials 20.2% Energy Producers 19.3% Bonds and Convertible Debentures 12.0% Real Estate 11.6% Utilities 8.3% Power and Pipeline 7.3% Industrials 4.9% Materials 3.8% Consumer Discretionary 3.8% Oil and Gas Services 3.2% Consumer Staples 1.9% Telecommunications 1.7% Metals and Mining 1.5%
Running at 8% discount to NAV which is surprising as the yield is reasonable. Solid investment for income IMO.