TII

The Income Investor

Published by Gordon Pape.

With Gavin Graham, Shawn Allen & Paul Bamford. Edited by Mike Keerma.

Recent Issues

tii2413 (July 11, 2024)

Immigration boosts stock returns… This month’s Top Pick: InterRent REIT… Gordon Pape updates Russel Metals, iShares 0-5 Years TIPS Bond Index ETF, Harvest Brand Leaders Plus Income ETF


tii2412 (June 27, 2024)

A mixed first half… Forget bank deposits, buy the shares… National Bank buys CWB… Gavin Graham updates AltaGas, Ecora Resources, Lundin Mining, Sucor Energy… Top PHN fund reopens


tii2411 (June 13, 2024)

A rock and a hard place… Infrastructure ETFs offer hidden value… Top Picks: iShares Global Infrastructure Index ETF, BMO Global Infrastructure Index ETF… Adam Mayers updates TC Energy… Gordon Pape updates Innergex


tii2410 (May 30, 2024)

US utility stocks surge… Gordon Pape’s Top Pick: Southern Company… Gordon Pape updates Emera Inc., Duke Energy… Copper-bottomed certainty… Gavin Graham’s Top Pick: BHP Billiton… Gavin Graham updates Intact Financial, Leon’s Furniture, Pason Systems


tii2409 (May 15, 2024)

AI may rescue green energy… Corby’s high dividend worth a toast… Adam Mayers updates BMO Aggregate Bond Index ETF… Gordon Pape updates Enbridge… Members’ Corner: Bond funds


tii2408 (April 25, 2024)

Hydro One transmits steady growth… Debunking covered call myths… Richard Croft updates Power Corp., CIBC… Balanced Portfolio rebounds… Gordon Pape updates Medical Properties Trust, Russel Metals… Your Questions: Transferring to a TFSA


tii2407 (April 11, 2024)

Cash from energy… TC Energy spinoff coming soon… Adam Mayers updates TC Energy… Gordon Pape updates Firm Capital… Gavin Graham updates Boralex


Older issues

Recent Updates

Russel Metals Inc. (TSX: RUS, OTC: RUSMF)

Toronto-based Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centres, energy products, and steel distributors.


Buy

Updated July 11



Harvest Brand Leaders Plus Income ETF (TSX: HBF)

This is an equal weighted, currency-hedged portfolio of 20 blue chip U.S multi-national corporations with a minimum market cap of US$10 billion (the actual valuations are much higher). The managers use covered call options on 33% of the securities to generate additional cash flow beyond the dividends received.


Buy

Updated July 11



iShares 0-5 Years TIPS Bond Index ETF (TSX: XSTP)

This is a short-term ETF that invests in a portfolio of inflation protected bonds issued by the United States Treasury, which are known as TIPS.


Buy

Updated July 11



Lundin Mining Corp. (TSX: LUN, OTC: LUNMF)

Lundin Mining is a Canadian/Swedish base-metals mining company producing copper (63%), nickel (15%), zinc (15%), and gold (5%). It generated $3 billion in revenues in 2022 from mines located in the US, Chile, Brazil, Argentina, Portugal, and Finland. Controlled by the Swedish Lundin family, which has a long track record in oil and gas, Lundin Mining has grown steadily by acquisition over the last decade. Its moves included buying the Eagle nickel mine in Michigan for $315 million in 2014 and the Josemaria copper gold project in Argentina last year for $485 million.


Buy

Updated June 27



Suncor Energy (TSX, NYSE: SU)

Suncor is a Canadian-based global energy company. It is a major player in the oil sands but also owns overseas assets acquired some years ago when it merged with Petro-Canada, as well as downstream assets. It also has a wind generation portfolio and owns the largest biofuels plant in the country.


Buy

Updated June 27