tag:blogger.com,1999:blog-2986124651030959736.post4711115014979242104..comments2024-03-29T08:03:35.151-05:00Comments on Stocks, Bonds & Politics: ADDED 50 WMT at $52.68/Bought Back 100 APF at 16.84/MKZ/Chicago PMI/Greek Parliament Approves Austerity PlanTENNINDEPENDENThttp://www.blogger.com/profile/17444227958539559639noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2986124651030959736.post-54209356411506454502011-07-01T11:09:49.365-05:002011-07-01T11:09:49.365-05:00Your dividend rate will also be impacted by the ex...Your dividend rate will also be impacted by the exchange rate. The distributions will be paid to the fund in CADs. When fixing the amount of USD distributions to the owners of CNPF, the amount will be impacted by the exchange rate. A stronger CAD vs. USD will mean those CAD distributions will buy more USDs, resulting in a higher rate than justified by the yield in CADs, and the converse will be true. <br /><br /> I suspect that your distribution is being adversely impacted by the 15% Canadian withholding tax. The 1099 for 2011 will reflect how much tax was paid related to your shares. <br /><br />I have seen the impact on the dividend level resulting from the rise in the CAD primarily from a large position owned by my father in Sun Life (SLF), which he received in a demutualization. That firm has been raising the dividend every year, but the rate has gone up a lot more for the U.S. citizen over the past two years after those CADs are converted into USDs.TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-49208455544261523422011-07-01T09:29:57.816-05:002011-07-01T09:29:57.816-05:00thx for that, the FXC chart just broke out, it loo...thx for that, the FXC chart just broke out, it looks like going to 104-5 previous high so I'm ok for $25/month in income on 400sh for the time being I guess. I paid 15.<br /><br />Couldn't help myself selling some GYB at 19.93 paid 19, some are chasing it now, see that?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-14022425364248966642011-07-01T09:14:46.182-05:002011-07-01T09:14:46.182-05:00I do not own CNPF. The recent fluctuations in shar...I do not own CNPF. The recent fluctuations in share price are mostly due to exchange rate fluctuations. Those fluctuations could easily have more of an impact on the price of CNPF than the change in value of its owned securities. <br /><br />You may want to keep an eye on the CAD/USD exchange rate or just monitor FXC, the ETF for the Canadian dollar. If FXC is going up in value, I would expect to see a rise in CNPF, and the converse would also be true. <br /><br />Since my position in CADs was purchased at lower exchange rates, and I view my Canadian Dollar strategy to be a very long term one, I am not concerned about current exchange rates. I buy securities using my CADs on the Toronto exchange and take all distributions in CADs. <br /><br />For CNPF, an investor needs to be concerned about the exchange rate fluctuations.<br /><br /> Also, while I have not checked the value of that fund's individual holdings, I would not be surprised to find that most of the preferred stocks are selling near or above their par values. When rates start to increase, assuming this ever occurs in our lifetime, then it would be reasonable to expect the price of CNPF to fall and it would be difficult for me to see much of an increase in price except due to exchange rate fluctuations.TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-47558552392075322702011-07-01T08:43:19.570-05:002011-07-01T08:43:19.570-05:00CNPF declares 1st dividend .065= about 4.3%
http:/...CNPF declares 1st dividend .065= about 4.3%<br />http://tinyurl.com/3c4rr8wAnonymousnoreply@blogger.com