Hi Eva, Presently I own mostly yielders '*' means 2011 trust conversion issue to watch for: holdings:
CONNACHER OIL AND 4.75%30JUN12 (CLL.DB.A) (debenture my eff yield > 13%) note this is a bet that CLL survives... more than just an oil bet.. and paid well to wait.. ARMTEC INFRASTRUCTURE INC FD T (ARF.UN) * CML HEALTHCARE INC FD TR UNITS (CLC.UN) * DAYLIGHT RES TR TRUST UTS (DAY.UN) * BONAVISTA ENERGY TR TRUST UNIT (BNP.UN) * MEDICAL FACILITIES CORP INC PA (DR.UN) * GENIVAR INC FD TR UNITS (GNV.UN) * HOME EQTY INC TR UNITS (HEQ.UN) Conversion plan announced. Converting to a bank with lower yield. DDJ HIGH YIELD FD (HYB.UN) Good yield no conversion K-BRO LINEN INC FD TR UTS (KBL.UN) * KILLAM PROPERTIES (KMP) Good yield no conversion MORNEAU SOBECO INC FD UNITS (MSI.UN) * NEW FLYER INDS & NEW FLYER IND (NFI.UN) Good yield no conversion NORTHSTAR HEALTHCARE (NHC) (imploded lottery ticket) NORTHLAND POWER INC FD TR UTS (NPI.UN) * Has Green energy NORTHERN PROPERTY REAL EST INV (NPR.UN) REIT PEMBINA PIPELINE INC FD TR UNI (PIF.UN) * PARKLAND INC FD TR UNIT (PKI.UN) * STUDENT TRANSN AMER LTD (STB) Good yield no conversion PROSHARES ULTRASHORT LEHMAN 20 (TBT) SENTRY SELECT DIVERS INC FD TR (SDT.UN) * CHINA NATURAL GAS (CHNG) 5N PLUS INC (VNP) TRANSCAN PL (TRP) Good yield no conversion FORTIS INC (FTS) Good yield no conversion BORALEX POWER INC FD TR UNITS (BPT.UN) * Funny trading and thin. Green energy. CASH 50%
If the environment does not change I'm wondering in some of these cases that 2011 is already largely priced in... Decisions Decisions ..
I have a couple on watch that I'm waiting to come off a bit which have no 2011 issues.. I may trade in some trusts I own for them .. as I want to maintain high cash since I'm obviously no clearer than anyone on the future..
I am watching CPG.UN since they have already come out with their 2011 plan.
Staying light on energy. Everything is fluid and trying not let any one position get too big.. I have had one big blowup NHC and one minor blowup which I expect to turn out OK HEQ.UN. These are basically all tax sheltered (RRSP/RESP).. Everything is fluid though and can change.. Capital preservation first.. Trading has been a real bitch... so I tend to take small scalps when they arrive.. up is down, down is up.. inflation/deflation.. I will not go all in and lean to cutting out fast.. the future is too fuzzy..
Good Luck We could all use some these days.. Kastel
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