Topic: How To Invest

Hello, I would like your opinion on Copernican International Financial. I have some shares in this company. They got hit hard in the downturn, but are slowly coming around.

Article Excerpt

Copernican International Financial Split Corp., $0.60, symbol CIR on Toronto (Shares outstanding: 5.7 million; Market cap: $3.4 million), is a split-share company that holds shares of leading retail bank, life-insurance and investment-management companies based outside of North America. Copernican International Financial Split Corp. first sold shares to the public at $10 each, and began trading on Toronto in March 2007. A split-share company issues two classes of shares. The capital shares get all, or most of, the capital gains and losses and dividend income over and above the quarterly dividends paid to holders of the preferred shares. Copernican International Financial Split Corp.’s two share classes are: Copernican International Financial Split Corp. Class A capital shares (Toronto symbol CIR) and Copernican International Financial Split Corp. Preferred, $6.40, symbol CIR.PR.A on Toronto (Shares outstanding: 5.7 million; Market cap: $36.7 million). The preferred shares yield 7.9%. Copernican suspended dividends on the Class A shares in December 2007. The company’s top-ten holdings are Banco…