CAPREIT Announces June 2021 Distribution streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
The Daily Chase: KC Southern choosing CN over CP; momentum pushes stocks higher
Canadian National Railway has elbowed Canadian Pacific out of the way with a sweetened takeover proposal that Kansas City Southern said itâs prepared to accept. CN won the day with a more generous exchange ratio and by dangling $700 million to cover KCSâs break fee for walking away for CP. But itâs still not a done deal. Canadian Pacific has at least five days to win back Kansas Cityâs favour; though in a release last night it reiterated that it will not âenter into a bidding war.â Weâll chase insight on what might happen next and the regulatory hurdles ahead.
SUMMARY OF Q1- 2021 RESULTS OF OPERATIONS
Strong Operating Results
CAPREIT has maintained a very high level of rent collection, with over 99% of rents collected year to date
On turnovers, monthly residential rents for the three months ended March 31, 2021 increased by 3.4% on 4.4% of the Canadian portfolio, compared to an increase of 13.5% on 3.3% of the Canadian portfolio for the three months ended March 31, 2020. The reduced increases are primarily due to the impact of the COVID-19 pandemic on the overall rental market.
On renewals, monthly residential rents for the three months ended March 31, 2021 increased by 0.9% on 9.3% of the Canadian portfolio, compared to 2.2% on 17.6% of the Canadian portfolio for the three months ended March 31, 2020. The reduced increases are primarily due to rent freezes enacted as a result of the COVID-19 pandemic
MIDDLEFIELD CANADIAN INCOME PCC
a cell of the Company
For the year ended 31 December 2020
55
59
60
67
68
Equity of the Fund
70
71
87
90
91
Middlefield Canadian Income Trust
Targeting high levels of stable income and capital growth, this Trust is primarily focused on Canada’s highest quality large cap businesses. This Trust is run by a private and independent asset manager located in Toronto, Canada and has delivered consistent and material income for UK investors for more than a decade.
Objective
The Fund seeks to provide shareholders with high levels of dividend income as well as capital growth over the long term.
Reasons to Buy
Unique
Is the Canadian Housing Market About to Change Course? fool.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.ca Daily Mail and Mail on Sunday newspapers.