income trust
A: Richards Packaging Income Fund, $24.57, symbol RPI.UN on Toronto (Units outstanding: 10.9 million; Market cap: $269.8 million; www.richardspackaging.com), is a full-service packaging distributor to small- and medium-sized North American businesses....
A: Morneau Shepell Inc., $18.40, symbol MSI on Toronto (Shares outstanding: 53.1 million; Market cap: $974.4 million; www.morneaushepell.com), is the largest Canadian firm providing human resource consulting and outsourcing services....
Recent acquisitions boosted sales by 25% for Ag Growth International and should help protect its 6.1% dividend yield.
State Street Corp. is streamlining its operation to cut $100 million from its annual costs and has also acquired General Electric’s asset management business.
A: Ag Growth International Inc., $39.56, symbol AFN on Toronto (Shares outstanding: 14.7 million; Market cap: $586.2 million; www.aggrowth.com), is a leading maker of portable and stationary grain-handling, storage and processing equipment.
Based in Winnipeg, the company sells its products through dealers and distributors in Canada and the U.S., as well as in Russia, Ukraine and elsewhere overseas....
Based in Winnipeg, the company sells its products through dealers and distributors in Canada and the U.S., as well as in Russia, Ukraine and elsewhere overseas....
Green energy supplier Northland Power Inc. will expand its generating capacity–and revenue–by 50% through European wind farms and government subsidies.
Northland Power Inc., $21.92, symbol NPI on Toronto (Shares outstanding: 170.0 million; Market cap: $3.7 billion; www.northlandpower.ca), develops, builds, owns and operates natural gas-fired power plants, wind farms, solar projects and hydroelectric facilities....
First National Financial Corp., $28.80, symbol FN on Toronto, (Shares outstanding: 60.0 million; Market cap: $1.8 billion; www.firstnational.ca), is Canada’s largest non-bank originator and underwriter of residential mortgages. It held $94.3 billion in mortgages under administration as of March 31, 2016. The company focuses its lending on mortgages for single-family homes and small apartment buildings. It has a limited number of commercial loans. First National was an income trust in May 2006 when it sold units to the public at $10 each and began trading on the Toronto Exchange. It then switched over to a conventional corporation on January 1, 2011. To free up capital for new lending, the company sells its mortgages to financial institutions. It also securitizes those loans by packaging them together and selling them as mortgage bonds. That securitization tends to lower earnings in the short term, but offers higher profit in the long term....
Envelope-maker Supremex rapidly expanded revenue and earnings through acquisition but also focused on a growing market—packaging for online shopping orders.
Supremex, $5.45, symbol SXP on Toronto (Shares outstanding: 28.8 million; Market cap: $154.7 million; www.supremex.com), is a leading North American maker of envelopes, and also sells packaging and specialty products. The company has plants in seven Canadian provinces and two in the U.S. Supremex converted from an income trust to a conventional corporation on January 1, 2011. In 2011, the company had revenue of $143.9 million. That fell to $131.9 million in 2013, and to $129.0 million in 2014. The main reason was a steady decline in the use of envelopes by businesses and by individuals (due to email and the Internet), especially in Canada....