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Gateway Casinos Income Fund $15.07 – Toronto symbol GCI.UN

GATEWAY CASINOS INCOME FUND $15.07 (Toronto symbol GCI.UN; SI Rating: Speculative) operates the Burnaby Casino and Cascades Casino in Vancouver, B.C., the Palace Casino in Edmonton, Alberta and the Lake City Casinos in Kamloops, Kelowna, Penticton and Vernon, B.C. The fund currently yields 9.2%. We think the fund’s limited geographic diversification, plus competition from other gambling destinations and other forms of wagering, make it unsuitable for income-seeking investors.

Gateway Casinos Income Fund is a sell.

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