Saying a big thank you and goodbye to Park Lawn Corporation (PLC)

My numbers are currently not at their highest, but they remain stable. The TSX closed the day with 22,398.93 points. My non-registered portfolio closed today's session at $142,289.80, my TFSA portfolio at $142,772.19, my RRSP stocks-only portfolio at $68,653.04, and my US portfolio at $5,920.88 USD. I have noticed this before, but once again, the value of my TFSA portfolio exceeds my non-registered portfolio, which is exactly what I want.

Today, I proceeded with the sale of Park Lawn Corporation (PLC). A couple of months ago, PLC announced its intention to leave the TSX to become a private company. Park Lawn had been in my TFSA portfolio since July 2016. I discovered this stock using the Stockopedia platform and recorded very good gains on Park Lawn. I always liked Park Lawn because it was a different kind of stock—the company is a funeral, cremation, and cemetery provider. It's a business that is not very well-known and rarely discussed, which I like. I actually enjoy holding some stocks that are not very well-known and that we rarely hear about, provided that the stock has a strong overall chart and pays some dividends. These days, I find it very difficult to save money. My expenses add up quite quickly, especially during the summer.

From my understanding, it was announced that Park Lawn Corporation (PLC) would no longer be trading on the TSX starting August 9. However, I noticed that PLC continues trading on the TSX and that I didn't receive the promised $26.50 per Common Share. So I turned to the latest news release concerning Park Lawn Corporation (PLC), and it appears that in order to actually receive the $26.50 per share, investors need to sign a letter of transmittal to Odyssey Trust Company. This is very unusual. Whenever a change of this nature happens, based on my experience, it's always been done automatically—I never had to do anything.

This past weekend, I sent an email to Odyssey Trust Company, stating that I was a shareholder of PLC and requested that form, as no form had been sent to me by email or regular mail. This morning, I received a response from Odyssey, and they sent me the form that I need to complete and sign. However, on that form, you need to provide your broker account number. There’s no way I am going to share that information with anyone. I was pretty upset. So I looked over at Park Lawn Corporation (PLC). To my surprise, it was still trading on the TSX! So I decided to sell my shares. I didn't get the $26.50 per share, but I was close enough. I lost a little—$6.60—by proceeding with the sale without completing the Odyssey Trust Company's form. I am very happy with my decision.

To remember the moment as a little souvenir, I took a screenshot of my trade on the TSX website:

It's now official—Park Lawn Corporation (PLC) is no longer in my TFSA portfolio. Very soon, I will have the money transferred to reduce my margin debt. At that time, my margin debt will be exactly $4,538.91. By the end of August, I will have an extra $600 to pay it down. My goal is to pay off the remaining debt by the end of this year. I really need to do this; otherwise, I know I’ll never pay it all off. The interest rate is still high on my margin account, so it’s definitely worth it to pay it down.