Designed to help Canadians find investment solutions to the two big problems they’re facing: low interest rates and volatile stock markets, the Income Investor was chosen by The Globe and Mail as one of the top five investment newsletters in Canada. If you need income from investments with minimal risk, the Income Investor covers all types of income securities including income trusts, preferred shares, high-yielding common stocks, bonds, mutual funds, exchange-traded funds, and GICs. Any security that generates cash flow is fair game for our experts.
Edited and published by Gordon Pape. Editor: Mike Keerma.
With Gavin Graham, Shawn Allen, Richard Croft, & David Kitai.
Recent Issues
tii1519 (October 8, 2015)
In this issue: A stock for tough times October updates: RioCan REIT, Unilever, Inter Pipeline Next issue: October 22 A STOCK FOR TOUGH TIMES By Gordon Pape, Editor and Publisher These are not easy times for income investors. As of the close of trading …
tii1518 (September 24, 2015)
In this issue: High-Yield Portfolio loses ground Havens in the storm This month’s Top Pick: Bank of Montreal September updates: Bank of Nova Scotia, Canadian Western Bank, Johnson & Johnson, TransAlta Renewables, Freehold Royalties, Fortis J preferreds …
tii1517 (September 11, 2015)
In this issue: The investor’s dilemma RRIF withdrawals reduced September updates: iShares Canadian Short Term Bond Index ETF, BMO U.S. Dividend ETF, The Keg Royalties Income Fund, Pizza Pizza Royalty Trust, Leon’s Furniture Your Questions: iShares ETF …
tii1516 (August 27, 2015)
Coping with the plunge… RRIF setback… Commodity stock outlook… This month’s Top Pick: Valero Energy Corp…. Updates: Potash Corp. of Saskatchewan, Suncor Energy, Boston Pizza Royalties Income Fund, ConocoPhillips… News & Notes: Upcoming seminar, bond market update
tii1515 (August 14, 2015)
In this issue: The rigged bond market August updates: FLY Leasing, Alaris Royalty, TAL International Group, Phillips, Hager & North Total Return Bond Fund, Baytex Energy Next issue: August 27 THE RIGGED BOND MARKET By Gordon Pape, Editor and Publisher …
tii1514 (July 23, 2015)
Think global… Judging leverage… Interest rate worries hit REITs and financials… This month’s Top Pick: BMO International Dividend ETF… Updates: Allied Properties REIT, Boardwalk REIT, Canadian REIT, Dream Global REIT, Genworth MIC, Intact Financial, Power Financial, Sun Life Financial, Brookfield Renewable Energy Partners
tii1513 (July 10, 2015)
Dropdowns are working for investors… Top Pick: Enbridge Income Fund Holdings… July updates: Pure Industrial REIT, Northern Properties REIT, Milestone Apartments REIT, Calloway REIT
Recent Updates
Choice Properties REIT (TSX: CHP.UN)
The Weston family-controlled Choice Properties REIT holds its Loblaw-anchored grocery store assets. On Dec. 31, 2025, Choice owned 699 properties, consisting of 68.5 million sq. ft., with 98.2% occupancy worth $18 billion. Loblaws comprised 59% of the total, leaving 28.3 million sq. ft. for third-party retailers. 83% of the total is necessity-based retailers, including groceries, quick service restaurants, pharmacies, liquor stores, and doctors offices.
Buy
Sienna Senior Living Inc. (TSX: SIA, OTC: LWSCF)
Sienna Senior Living is one of Canada’s largest owners of seniors housing and the largest licensed long-term care provider in Ontario. The company owns a portfolio of 93 senior housing properties, operating an additional 12 for external owners. That real estate focused business and strong dividend yield makes it functionally equivalent to a REIT.
Buy
Dream Industrial REIT (TSX: DIR.UN, OTC: DREUF)
This REIT specializes in light industrial properties, mainly located in Canada but with a U.S. expansion strategy. It owns and operates a portfolio of 223 geographically diversified properties comprising approximately 20.2 million square feet of gross leasable area.
Buy
Mullen Group Ltd. (TSX: MTL)
Mullen Group is an Alberta-based transportation and logistics company, with a market cap of $2.64 billion. It’s mainly known as a trucking company, but Mullen also provides specialized services related to the energy, mining, forestry, and construction industries in Western Canada. These include water management, fluid hauling, and environmental reclamation.
We recommended the stock in May 2023 at $15.46. The major attractions were a steady share price and a monthly dividend of $0.06 per share ($0.72 a year), which at the time generated a yield of 4.7%. In August 2024, the monthly dividend was raised to $0.07 ($0.84 a year), for a yield of 2.8% at the recent price of $29.75.
The rise in the share price reduced the yield, but those who bought at the time of our original recommendation have a capital gain of 86% to compensate.
Hold
Keyera Corp. (TSX: KEY, OTC: KEYUF)
Keyera provides services such as gathering, processing, fractionation, storage, transportation, and marketing liquid natural gas (LNG). It does not do any exploration or production.