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Message: Off topic but check this out on SEDAR.Capital Gains Income STREAMS CGQ.E
Jay..Rico..Doc
I started buying some of Capital Gains Income STREAMS CGQ.E..Below is a letter to shareholders..
I think this is just starting but has been around for years and has paid this divvy for years..so i am causisly buying..a nfew hundred here and there to find out if they are paying the aformentioned divvy and what this change into Split Corp will bring..so I got a few for the divvy..for a $4.50 stock .0875 month..or $1.05 year per share....23.8636%.!!!
| CAPITAL GAINS INC STREAMS CP | 4:00:00 PM EDT | ||||||||||||||||||||||||||||||
| Symbol | T | ||||||||||||||||||||||||||||||
| CGQ.E CA T | - | ||||||||||||||||||||||||||||||
|
June 7, 2013
Dear Shareholders:
You are invited to a special meeting (the “m
eeting”) of shareholders of Capital Gains
Income STREAMS (“CG STREAMS”) to be held
at 10:00 a.m. (Eastern standard time) on Wedne
sday, July 10, 2013 at the of
fices of Blake, Cassels & Graydon LLP, 199 Bay Stree
t, 40th
floor, Commerce Court West, Toronto, Ontario.
The purpose of the meeting is to consider and vote upon a special resolution that would allow the merger of CG STREAMS into
Dividend 15 Split Corp. (“Dividend 15”) on December 1, 2013 while still allowing any CG STREAMS shareholders, should they
choose, to retract their shares on the existing scheduled termination date on the same terms as originally contemplated.
A vote FOR the proposal will give you two options at the December 1, 2013 termination date:
1) Capital Yield and Equity
Dividend shareholders will be able to have thei
r shares exchanged (based on relative net asset
values) for an equal dollar amount of units of Dividend 15 through the merger of CG STREAMS into Dividend 15, OR
2) Capital Yield shares would receive $25 per share and Equity Dividend shares would receive the NAV less $25 (to a maximum
of $15 per share) under the existing termination formula as originally contemplated.
If this proposal is approved,
shareholders will not be required to make a decisi
on on this choice until early in November 2013
when further information will be provided.
A vote against the proposal would restrict your option to the termination option (2 above) only.
Dividend 15, another Fund managed by Quadra
vest Capital Management Inc. (the “Manager
”), invests in a high quality portfolio of
leading Canadian dividend-yield
ing stocks as follows: Bank of Montreal, Bank of
Nova Scotia, Canadian Imperial Bank of Commerc
e,
Royal Bank of Canada, Toronto-Dominion Bank, National Bank of
Canada, CI Financial Corp., BCE Inc., Manulife Financial
Corporation, Enbridge
Inc., Sun Life Financial Inc., TE
LUS Corporation, Thomson Reuters
Corporation, TransA
lta Corporation and
TransCanada Corporation. Shares held within the portfolio are ex
pected to range between 4-8% in weight but may vary at any tim
e. In
addition to the dividend income received from these high paying dividend companies, Dividend 15 also utilizes a selective cover
ed call
writing program to add additiona
l income to the portfolio.
The merger proposal presents a number of potential benefits to existing CG STREAMS Shareholders.
x
CG STREAMS
Shareholders will have the opportunity
to participate in a fund with a proven attractive dividend history and
performance record.
1 Recommendations
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Jul 19, 2013 09:55AM
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Jul 19, 2013 09:59AM
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Jul 19, 2013 10:20AM
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