IMG Financial Inc. yields 6.1%

IMG Financial Inc. yields 6.1%

As a seller of mutual funds and wealth management services, this firm’s fee income rises and falls with the value of the securities it manages.

Due to the drop in stock values, the shares are down 19% since the start of 2022. However, the current… Read More

Blue chip ETFs focus on Canada

Blue chip ETFs focus on Canada

These two blue chip ETFs hold mostly large-capitalization, widely traded stocks on the Canadian exchange. Both funds mirror, or track, the performance of major stock market indexes as opposed to narrower ones focused on resources or themes, such as solar power or biotech.
Blue chip ETFs… Read More

Infrastructure offers you lower-risk gains

Companies that own and operate unique infrastructure assets have characteristics, such as stable profits and cash flows, that can make them attractive. And investors looking for exposure to these assets have several publicly listed options available, including exchange-traded funds.
Notably, indexes that track the performance of… Read More

Spinoffs & Takeovers Hotline – Friday, June 3, 2022

HERCULES CAPITAL INC., $14.07, symbol HTGC on New York, is a business development company (BDC).

Hercules provides senior secured loans to high-growth venture capital-backed companies in innovative industries, including technology, life sciences, and sustainable and renewable technologies.

As well, through its wholly owned subsidiary, Hercules Adviser LLC,… Read More

Spinoff spotlight: Brookfield Asset Management

BROOKFIELD ASSET MANAGEMENT INC. $59 is a hold. The company (Toronto symbol BAM.A; Finance sector; Shares outstanding: 1.6 billion; Market cap: $94.4 billion; Dividend yield: 1.2%; Takeover Target Rating: Lowest; is an asset manager that controls firms in the real estate, renewable power, infrastructure and private equity industries.
The… Read More

IGM raises stake in Asian firm

IGM FINANCIAL INC. $41 is a buy. The mutual fund provider (Toronto symbol IGM; Conservative-Growth Payer Portfolio, Finance sector; Shares outstanding: 239.7 million; Market cap: $9.8 billion; Dividend yield: 5.5%; Dividend Sustainability Rating: Above Average; last raised its quarterly dividend by 4.7% with the January 2015 payment. The… Read More