[Dumbdee - The Goodmans, The Bad & The Ugly - 30% of NAV bargain?]

New rates announced:

 

With respect to any Series 2 Shares that remain outstanding on September 30, 2019, holders

thereof will be entitled to receive fixed rate cumulative preferential cash dividends on a quarterly

basis, as and when declared by the Board of Directors of the Company and subject to the

provisions of the Business Corporations Act (Ontario). The dividend rate for the five-year period

commencing on September 30, 2019 to, but excluding September 30, 2024, will be 5.284%, being

equal to the sum of the five-year Government of Canada bond yield as at September 3, 2019, plus

4.10%, as determined in accordance with the terms of the Series 2 Shares.

 

With respect to any Series 3 Shares that remain outstanding on September 30, 2019, holders

thereof will be entitled to receive floating rate cumulative preferential cash dividends on a

quarterly basis, calculated on the basis of actual number of days elapsed in each quarterly floating

rate period divided by 365, as and when declared by the Board of Directors of the Company and

subject to the provisions of the Business Corporations Act (Ontario). The dividend rate for the

three-month period commencing on September 30, 2019 to, but excluding, December 31, 2019,

will be 5.74%, being equal to the sum of the three-month Government of Canada Treasury bills

yield preceding September 3, 2019, plus 4.10%, as determined in accordance with the terms of the

Series 3 Shares.

[Garth Turner - Real Estate in Canada]

https://www.change.org/p/justin-trudeau-keep-the-annual-tfsa-contribution-limit-at-10-000

[What are you buying today?]

Being buying GWR on and off for a couple of week.  Anyone else look into this?  Pretty rare to find a defensive stock trading at such a discount to book.  What do you guys think?  Am I missing something?

 

http://www.cornerofberkshireandfairfax.ca/forum/investment-ideas/gwr-to-global-water-resources/

 

Thanks!