Top Quality at a 23% Discount

Article Excerpt

UNITED CORPORATIONS $62.50 (Toronto symbol: UNC) (165 University Ave., 10th Floor, Toronto, ON M5H 3B8. 416-947-2583. Buy or sell through a broker) invests in a wide variety of average-quality to above-average quality Canadian and foreign stocks. At last report, 34.6% of the fund’s $1.1 billion portfolio was invested in Canadian equities, 23.7% in the U.S., 20.7% in Europe, 6.2% in the UK, 13.1% in Asia and 1.0% in Mexico and Latin America. The fund’s largest holdings included Bank of Nova Scotia, Royal Bank of Canada, Manulife, Talisman Energy, Algoma Central Corporation, Nexen, TransCanada Corporation, General Electric, TD Bank and Chevron. United Corporations now trades at a wide 23% discount to its net asset value. United Corporations pays a dividend of $0.80 a share, for a current yield of 1.3%. United Corporations is still a buy. buy…

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