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The market plunge at the start of the COVID-19 crisis lowered the unit price of most REITs. That’s because the pandemic forced many businesses—and REIT tenants—to temporarily close. However, as the pandemic wanes, the economy is normalizing. That will let these two REITs maintain, or even raise, their current high distributions.


ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $41.45, is a buy. The REIT (Toronto symbol AP.UN; Units o/s: 128.0 million; Market cap: $5.2 billion; TSINetwork Rating: Extra Risk; Divd....
BANK OF NOVA SCOTIA, $83.38, is a #1 Buy for 2022. The lender (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $99.7 billion; TSINetwork Rating: Above Average; Dividend yield: 4.8%; www.scotiabank.com) raised your quarterly dividend by 11.1% with the January 2022 payment....

CP Rail’s growth prospects are bright—and now, it has received a big vote of confidence from U.S.-based activist investor Bill Ackman—he holds shares and options that could give him a 2% stake. The activist sold his original shares in CP in 2016 for a big profit....
A: Cummins Inc., $205.07, symbol CMI on New York (Shares outstanding: 142.1 million; Market cap: $27.7 billion; www.cummins.com) designs, manufactures, distributes, and services diesel, natural gas, electric and hybrid powertrains, and powertrain-related components including control & fuel systems, automated transmissions, batteries, electrified power systems, hydrogen production, and fuel cell systems.

Cummins serves customers in 190 countries through 500 company-owned and independent distributors and through 9,000 dealers.

The company announced in February 2022 that it is acquiring Meritor Inc....
A: WonderFi Technologies Inc., $1.08, symbol WNDR on the NEO Exchange (Shares outstanding: 161.5 million; Market cap: $176.5 million; www.wonder.fi), aims to provide consumers better access to digital assets, including cryptocurrencies and non-fungible tokens (NFTs).

The NEO exchange, which is recognized by the Ontario Securities Commission, is owned by Aequitas Innovations, a company backed by a number of Canadian and international corporations including Royal Bank, IGM Financial and Barclays....
Here’s the third and final segment of our first-quarter 2022 letter to clients, which we sent out this past February. (For your convenience, here are links to Part One and Part Two, if you want to refer to them)....
CANADIAN PACIFIC RAILWAY LTD., $93.97, Toronto symbol CP, is your #1 Conservative Buy for 2022.

CP ships freight over a 23,700-kilometre rail network, mainly between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast.

The company is now in the process of merging with U.S.-based railway Kansas City Southern....
MCDONALD’S CORP., $249.16, New York symbol MCD, is your #1 Conservative Buy for 2022.

The company is the world’s largest fast-food chain with over 39,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries....
INTERNATIONAL BUSINESS MACHINES CORP., $132.21, New York symbol IBM, is a buy.

The company is one of the world’s largest computer firms, with operations in over 175 countries.

With the June 2022 payment, IBM will raise your quarterly dividend by 0.6% to $1.65 a share from $1.64....
BOSTON SCIENTIFIC CORP., $42.11, is a buy. The company (symbol BSX on New York) develops and markets medical devices used in minimally invasive procedures. Its products are used for angioplasty (blood vessel repair), blood clot filtration, cardiac rhythm management, catheter-aided ultrasound imaging, and many other surgical procedures....