A Yield to Caution

ABERDEEN ASIA-PACIFIC INCOME FUND $3.18 (Toronto symbol FAP; Shares outstanding: 50.7 million; Market cap: $161.2 million; Dividend yield: 8.5%; www.aberdeenstandard.com) invests in foreign currency bonds, mostly from Australia and Asian countries. The fund’s MER is a very high 1.18%.
Note that Asian countries also issue… Read More

A Yield to Caution

CHEMTRADE LOGISTICS INCOME FUND $6.72 (Toronto symbol CHE.UN; Shares outstanding: 93.3 million; Market cap: $627.0 million; Dividend yield: 8.9%; www.chemtradelogistics.com) is one of the largest removal-service providers for resource firms that create acids and sulphur as by-products. The company also makes and sells a variety… Read More

A Yield to Caution

CANOE EIT INCOME FUND $11.92 (Toronto symbol EIT.UN; Units o/s: 124.7 million; Market cap: $1.5 billion; Divd. yield: 10.1%; www.canoefinancial.com) is a closed-end fund that invests in a portfolio of dividend paying stocks. Canadian stocks account for 59.3% of its holdings, followed by the U.S…. Read More