Fantastic Sprott Inc. (SII) declared a special dividend for 2010

No special dividend had been declared for Just Energy (JE) yet and I have to say, I am waiting quite impatiently. But today, Sprott Inc. (SII) made an extraordinary announcement via a press release. Please read it, you'll be please you did:

"TORONTO, Jan. 10 /CNW/ - Sprott Inc. (TSX: SII) today declared an interim special eligible dividend of $0.60 per common share for the year ended December 31, 2010, payable on February 3, 2011 to shareholders of record at the close of business on January 19, 2011."

Do you really need an explanation on what a special dividend of 60 cents per common share of Sprott Inc. (SII) represent? Sprott Inc. (SII) plan to pay 60 cents per stock hold until January 19, 2011.

My first ever stock investment I made was way back in 2008, shortly before the stock market crash. At the time, I had invested in 500 stocks of Sprott Inc. (SII). Never did I doubt about my investment in Sprott Inc. (SII). I had faith in Eric Sprott like no one else. When, back in the days, Eric Sprott publicly announced his very high interest in Timminco (TIM), I did what i taught was the right thing to do, I invest in 100 stocks of Timminco (TIM) at around 20$ per stock. Later on, trouble begins for Timminco (TIM). But I had so much faith in Eric Sprott that when Timminco (TIM) stock value drop, I invest again in 100 other stocks of Timminco (TIM). That's how much I trusted Eric Sprott. In whatever Eric Sprott invest in, I invest in too. That's how I lost something close to 4 000$ in Timminco (TIM).

I lost 4 000$ not because of Eric Sprott, but because of my trust in the man. I knew, back in 2008, that the stock market was experiencing something that never been experiencing before. There's been recession before 2008 of course, but what happen in 2008 was more than just a recession, it was like the end of capitalist known as we knew it back than. But my dreams of making it big never lost me. The world was lost, but not me.

In 2008, following the market crash, my investment in Sprott Inc. (SII) decrease in value. Back in the times, I had purchased 500 stocks at 10$ each, for a 5 000$ value. Quite some money. Remember, Sprott Inc. (SII) was my first stock investment. Everything was unknown, unsure, but I knew I was going to make it. I saw Sprott Inc. (SII) going below 4$ in 2008, 2009 and 2010. I had been a stockholder of Sprott Inc. (SII) just because of the man, that Eric Sprott that I love and hate during that long deep dark period of 2008 and today, 2011. But I have to say, now, I am more sympathetic to Eric Sprott but I have to say, when I have smart gurus, I like to appreciate them, and hate them, following the ups and downs of the market. That's the yin and the yang for me. It's the whole secret chemistry behind me. It's a mix of everything, control by nothing or if you prefer by God.

My trust in Eric Sprott didn't just go to Sprott Inc. (SII) and it's ex-sweetheart Timminco (TIM). Following my investment in Sprott Inc. (SII), I decided to invest in the Sprott Canadian Equity Fund. Back in the time, the minimum required to invest in the majestic Sprott Canadian Equity Fund was of 5 000$. Following the 2008 stock crash, the Sprott Canadian Equity Fund units hit the 27$ and 25$. Remember the stock crash? There's been like 2 crash periods. During the first period, Bank of Nova Scotia (BNS) stock suddenly went down to 44$ each (that's when I made my first investment in Scotia Bank). But little that I know, the second period of the stock crash was rashing the BNS stock price at less than 30$ per unit.

For Sprott Canadian Equity Fund, the stock crash 2008 part one drop the unit price at 27$ and than, the second part, at somewhere like 25$. I had invested my first 5 000$ in the Sprott Canadian Equity Fund when the units where at its highest - somewhere to 50$ per unit! After, when the stock market crash, I decided to invest another 2 000$ in the Sprott Canadian Equity Fund when the units price were at 27$. My second turn in the Sprott Canadian Equity Fund was made in the first part of the stock market crash of 2008. As for the second part, I never saw it coming. I never felt it, or had an intuition of it. Absolutely nothing. Nothing at all.

Investing again a 2 000$ in the Sprott Canadian Equity Fund was one of my best move ever. In date of today, I made a profit of more than 700$ on my initial 7 000$ investment. That's a lot of money. Only something very powerful as investment like the Sprott Canadian Equity could make that achievable.

Sprott Inc. (SII), Timminco (TIM), Sprott Canadian Equity Fund and... the Sprott Physical Silver Trust UTS (PHS.U)

Just a month or 2 ago, I decided to invest in 200 units of the Sprott Physical Silver Trust UTS (PHS.U) at less than 11$ per units. It's been one of my investment hit of 2010. Since my investment, Sprott Silver had exceed the 14$ per unit. I am still holding Sprott Physical Silver Trust UTS (PHS.U) in date of today. And my wish is to never sell it, keeping it as a mystic relic of Eric Sprott.

Why? Well Eric Sprott despite by yin and yang, will retire probably in 2011. To do what? I don't have a clue. I would had imagines a big shot like Eric Sprott to never leave the market, like WB in the States but hey, sometimes, a girl can be wrong.

So now, I guess you want to find out what mean the 60 cents special dividend of Sprott Inc. (SII) for me? It's mean 312$ in fresh cash and around 30 brand new stocks of Sprott Inc. (SII) in my stock portfolio. this mean that my investment in the Sprott Inc. will reach the old 5 000$ value very very soon. Among the way, I wouldn't lost a penny with Sprott Inc. (SII), but learn A LOT and catch my breathe from 2008 to 2011. But don't relax anything soon, recession is not over. It could last... for another 10 years!

I would just like to see the same thing about Timminco (TIM). On date of today, I still hold my stocks of Timminco (TIM). And no, I won't sell Timminco (TIM0 just to declare a capital lost on them. No money lost for me, just the possibility of a million dollar.

I did all of that money on the stock market because I am proud of being a Canadian and I am following great Canadian leaders, such like Eric Sprott and Derek Foster. Remember: investing is about faith in what you believe in. My $$$ come from my faith in Eric Sprott, Derek Foster and in Canada (as I invest in Canadian stocks mostly). Now everyone know my secret. My secret is faith.

And also to connect to your portfolio. I can stay for hours in front of my broker account, checking out the ups and downs, calculating the value of my portfolio. You need to keep the beat and follow your investments closely, even if their coming from an investor superstar (remember my story about Timminco (TIM)!). Study, calculate, analyze, look and look again. You'll develop an eyes and make money!

Yeah!

Portrait of Amir Khadir: extremist, Quebec independantist and leader of Quebec Solidaire

Amir Khadir is to Canada what Jean-Marie Le Pen is to France: a dangerous extremist.

Who is Amir Khadir?

Amir Khadir is born on born June 12, 1961 in Tehran, Iran. Amir Khadir immigrate in Canada at the age of 10 with his Iranian family. Amir Khadir parents that escaped from Iran after his father was accused of being an agent of the Mossad. The Mossad is the Institute for Intelligence and Special Operations, the national intelligence agency of Israel.

Amir Khadir father is Jafar Khadir. Amir Khadir studied medicine at Laval University, physics at McGill University and completed postdoctoral studies at the University of Montreal. Amir Khadir is a medical specialist in infectious microbiology.

Amir Khadir first steps in the political world was in 1980. In 1980, Amir Khadir worked for the Yes Side for the sovereignty referendum. In 1997, Amir Khadir became a member of the Rassemblement pour une alternative politique (RAP). In 2000, Amir Khadir represented the Bloc Québécois for Outremont. Founded in 1991 by Lucien Bouchard, the Bloc Québécois is a federal political party devoted to promote the sovereignty of Quebec province. Amir Khadir wasn't elected, he finished second against the Liberal. In 2002, Amir Khadir found the Union des Forces Progressistes.

In 2006, with Françoise David, Khadir founded the sovereigntist political party Québec solidaire (QS). The party name is often being translated as "Solidarity Quebec" or "Quebec Solidarity" in English. In 2008, Amir Khadir became the first elected member of the party in the elections in Mercier. Mercier is a Quebec provincial electoral district.

Who is Jafar Khadir?

Jafar Khadir is an activate communist. Jafar Khadir is a member of the executive council of the Quebec Communist Party.

If you thing there's nothing to worry about Jafar Khadir, now a senior citizen, you are wrong. In 2002, Jafar Khadir was stopped at the US border while trying to reach the States. At the US border, Jafar Khadir was helf for 8 hours. Jafar Khadir has been refused the entry to the US territory. Jafar Khadir was warned by the US authorities not to come back to the US ever again. Jafar Khadir host the annual summer training of the Quebec Communist Party at his chalet located on the slopes of Mont Pinnacle near Frelighsburg in the Eastern Townships. Despite the information being display in his MNA profile for Mercier, Amir Khadir is a member of the Quebec Communist Party. You may like to know that members of the Quebec Communist Party are all supporters of Quebec Solidaire, the party of Amir Khadir.

A few years ago, Jafar Khadir housed an Islamo-Marxist organization name People’s Mojahedin Organization of Iran in one of the building he own on St-Laurent boulevard, known as the "Main", in Montreal. The People’s Mojahedin Organization of Iran is a classified terrorist group in Canada. Taught that terrorist groups only exist in the US and other places worldwide? No, terrorist groups also exist in Canada. But as individual, we can stand against the criminals of the kind of Jafar Khadir and Amir Khadir.

Amir Khadir, man of poor judgment

As a doctor, instead of fighting for quality health care and deeper social problems, Amir Khadir prefer to show it all and do his own circus.

In December 2008, Amir Khadir thowed his shoes at a picture of the president George W Bush standing outside the U.S. Consulate in Montreal. The event was Amir Khadir replicata Muntadhar al-Zaidi's actual attempted shoeing of the President Bush in Iraq. But that was not all. During the manifestation, Amir Khadir visited the Canadian Forces recruitment centre on Sainte Catherine Street and threw shoes at a photograph of Canadian Prime Minister Stephen Harper.

By his demonstration of violence, had showed that he doesn't truly belong to Canadian politic scene. Amir Khadir is an extremist and he should resign from his member of the Quebec National Assembly position.

Throwing shoes in the air won't resolve anything. Amir Khadir is part of Quebec circus who like to show it all, but do little for his citizens. Politic should be done in serious manners. But it's simply not Amir Khadir way of doing politic. Amir Khadir is a clown, not a serious politician.

Also in 2008, Québec solidaire member of the Quebec National Assembly Amir Khadir attends in Montreal a protest organized by Solidarity for Palestinian Human Rights.

In January 2009, it's been reported that Amir Khadir took part in a pro-Hamas rally in downtown Montreal with protesters who waved Hamas and Hezbollah flags and chanted "Death to the Jews." Amir Khadir like to show up at anti-Israel events.

In December 2010, Amir Khadir continued his anti-Israel demonstrations. Amir Khadir showed up to a rally organize by the Palestinian and Jewish Unity (PAJU). On the day of the event, protesters were standing outside the Boutique Le Marcheur, a shoe store in Montreal. Le Marcheur sells shoes made in Israel, the Israeli brand name Beautifeel shoes. The Palestinian and Jewish Unity (PAJU) had urged a boycott of Le Marcheur, a shoes store own by Yves Archambault. The participation of Amir Khadir in the event had been names as being an act of economic terrorism.

Conclusion

Amir Khadir is a dangerous man. For becoming a Quebec sovereignist after Canada government accepted him and his family, Amir Khadir and his family should be expatriated from Canada. In Canada, we expatriated immigrates who don't have the legal papers to stay. The federal government should also expatriate immigrant who had become Quebec independist activists.

According to a Leger Marketing poll, Amir Khadir was the most popular politician in Quebec province in December 2010. Amir Khadir has the highest approval rate (45 per cent) of any politician in the province.

This show Quebeckers poor judgment and lack of ethic and integrity toward Canada. It's time for Quebec to separate from Canada once for good. A united Canada without Quebec province.

Welcome again iShares S&P/TSX Capped REIT Index, 100 new units of XRE

I had around 1 000$ available to invest. I decide to add up to my current 54 units of iShares S&P/TSX Capped REIT Index (XRE). I purchase 100 units of iShares S&P/TSX Capped REIT Index (XRE) at 13.58$. XRE is a high rank investment by MorningStar.

Very good things happening right now in my portfolio. We will elaborate more tonight! Still working for now, have to go to work ;o)

Does BMO Bank of Montreal (BMO) represent a good investment?

In Canada, despite the worldwide recession that been hitting quite hard since 2008, our banks had performed well. But while looking a bit more closely to the big scheme, can we say that BMO Bank of Montreal (BMO) represent a good investment?

BMO Bank of Montreal is the only Canadian bank that registered a negative EPS for the past 5 years.

EPS Growth (5 years):
Bank of Montreal (BMO): -4.59%
The Royal Bank of Canada (RBC): +0.32%
The Bank of Nova Scotia (BNS): +1.46%
Toronto Dominion Bank (TD): +1.13%
National Bank of Canada +3.30%
Canadian Western Bank (CWB): +16.73%
Laurentian Bank of Canada (LB): +19.29%
Canadian Imperial Bank of Commerce (CM): +169.51%

In November 2010, BMO Bank of Montreal (BMO) was the only Canadian bank to suspend its DRIP. Before November 2010, BMO Bank of Montreal (BMO) was offering a 2% discount on dividend reinvestment plan, commonly known as DRIP. But in November 2010, BMO Bank of Montreal (BMO) announced the suspension of the 2% discount. Investors are used to a discount of 2 to 3% under DRIP when it come to Canadian banks. When it come to Canadian banks, investors are also used to very good financial results. But none of this exist at BMO Bank of Montreal (BMO).

To the question "Does BMO Bank of Montreal (BMO) represent a good investment?", we can certainly answer by no. BMO Bank of Montreal does not represent a good investment. They might be the worst bank, with the worst financial result for the past 5 years.

But that's not all. BMO Bank of Montreal (BMO) own a wealth management division, BMO Nesbitt Burns. BMO Nesbitt Burns is like BMO Bank of Montreal (BMO): BMO Nesbitt Burns is poorly manage.

One example among other: in February 2010, a lawsuit has been filed against BMO Bank of Montreal (BMO) regarding BMO Nesbitt Burns. Employees of BMO Nesbitt Burns had declared owed unpaid overtime. Those employees were working for BMO Nesbitt Burns.

BMO Nesbitt Burns didn't paid overtime for the period of 2002-2010. Also, according to the claim, it's been reported that employees of BMO Nesbitt Burns expected to work up to 80 hours per week! In this case, the BMO Nesbitt Burns employees are being represented by the law offices of Juroviesky LLP. The case is still ongoing. Are you really going to invest in a bank that is facing a class-action lawsuits related to employee overtime compensation?

Does it make any sense to you?

No, of course, not.

This is pretty hilarious, especially knowing that BMO Bank of Montreal gaga sentence is: "Making money make sense". Yeah, make money, but treat your employees correctly, at least, BMO Bank of Montreal (BMO)....

And it's seemed like for the past 5 years, BMO Bank of Montreal (BMO) hasn't make that much money (remember the EPS Growth for 5 years of -4.59% for BMO Bank of Montreal (BMO).

But that's not all. By treating their employees incorrectly, BMO Bank of Montreal (BMO) had created itself a bad karma...

In May 2010, it's been reported that BMO Bank of Montreal (BMO) had been involved in the biggest mortgage fraud in Canadian history. A Montreal man (who else other than a Quebecker could had been linked to such outrage?) of the name of Robert Manuel Moniz had been arrested by the RCMP had been named responsible for the mortgage fraud exceeding $5 million.

BMO Bank of Montreal (BMO) has a bad reputation as a bank. When investing, just avoid completely BMO Bank of Montreal (BMO).

Hit and run: my investment selling of 2010 in review

Back in 2009, Shirley Won had reported the extraordinary result of the Creststreet Alternative Energy Fund. Despite the recession that was hitting worldwide, the Creststreet Alternative Energy Fund, under Steve Martin management, had reported gains of 94%.

Following my search and after reading about the Creststreet Alternative Energy Fund and his young manager (in 2009, Steve Martin was only 28 years old!), I decided to invest in the Creststreet Alternative Energy Fund. I initially invested 1 000$ in the Creststreet Alternative Energy Fund. I was in heaven. In my mind, the Creststreet Alternative Energy Fund was going to be the investment that was going to double the value of my initial investment. I never had any doubt on Steve Martin skills, even while knowing so little about the majestic.

Steve Martin had joined the Creststreet Asset Management Ltd. in 2005. But on February 2010, Shirley Won announced Steve Martin departure of Creststreet Asset Management Ltd. In result, Steve Martin was leaving behind the management of Creststreet Alternative Energy Fund. Oh noooooo!

I took time to study my options. After what, I decided to sell the units I was holding of the Creststreet Alternative Energy Fund. I sell my 29.229 units for 1 110.69$, making a cutty profit of somewhere of 100$. Selling my units of the Creststreet Alternative Energy Fund was a good decision to take. Following Steve Martin departure, the value of the Creststreet Alternative Energy Fund take a plunge. The Creststreet Alternative Energy Fund later catch up, but without Steve Martin, my interest wasn't there anymore.

2010 selling(s) in a flashback...

Basically, the Creststreet Alternative Energy Fund was the only investment that I sell in 2010.

Will Horizons Gold Yield Fund (HGY.UN) ever be paying any dividend?

When I first decided to invest in Horizons Gold Yield Fund (HGY.UN), I did it for 2 reasons: because it's a gold investment and also because Horizons had announced, at the time of the public offering, that Horizons Gold Yield Fund (HGY.UN) was going to pay dividend.

I don't know if any Quebeckers of the like of Brian Mulroney are under the management of Horizons Gold Yield Fund (HGY.UN), but it's seemed like Horizons Gold Yield Fund (HGY.UN) had broked their dividend payment promised.

I had invested in Horizons Gold Yield Fund (HGY.UN) using funds available in my margin account. For that specific reason, it's extremely important for me to be able to earn dividend from this investment. The dividend income earn need to exceed the interest own on the money borrowed through margin. My margin interest rate is currently of 4.25%.

Back in November 2010, AlphaPro Management Inc. announced the public offering of Horizons Gold Yield Fund (HGY.UN). This is part of the information provided by AlphaPro Management Inc. in their November 2010 press release:

"TORONTO, Nov. 1 /CNW/ - Horizons Gold Yield Fund (the "Fund") is pleased to announce the filing of a preliminary prospectus in respect to the initial public offering of its Class A and Class F Units (the "Units") at $10.00 per Unit.The Fund's investment objectives are to provide holders of Units with: (i) exposure to the price of gold bullion hedged to the Canadian dollar, less the Fund's fees and expenses; and (ii) tax-efficient monthly distributions, initially expected to be $0.0542 per Unit ($0.65 per annum to yield 6.5% on the issue price of $10.00 per Unit). It is initially expected that monthly distributions received by investors will consist primarily of return of capital.

The Fund was created to offer investors a low cost exposure to the price of gold bullion, while providing monthly tax-efficient distributions. The Fund will seek to achieve its investment objectives by gaining exposure to a portfolio consisting of securities and other instruments that provide exposure to the price of gold bullion (the "Gold Portfolio"). The Gold Portfolio will be managed by JovInvestment Management Inc. (the "Portfolio Manager"). The Portfolio Manager intends to write at-the-money covered call options on approximately, and not more than, 33% of the securities in the Gold Portfolio. The Portfolio Manager will not manage the call option writing strategy to achieve a specific target return, but will manage it to generate attractive option premiums that temper the volatility associated with owning the Gold Portfolio.

The Fund is expected to automatically convert into an ETF by no later than July 30, 2012."

Back in November 2010, Horizons Gold Yield Fund (HGY.UN) had promised a monthly dividend distribution of $0.0542 per unit. This distribution represents a yield of 6.5%, which I find pretty good.

Since Horizons Gold Yield Fund (HGY.UN) completed it's public offering in December 2010, nothing had been announced at dividend distribution. So what's going on? I did my search of course. I took a look here and here. But no trace of Horizons Gold Yield Fund (HGY.UN). So what does it mean?

Different answers are available:

-Some Quebeckers are being the management of Horizons Gold Yield Fund (HGY.UN);

-The dividend will be paid only when Horizons Gold Yield Fund (HGY.UN) will convert into an ETF in July 2012;

and/or
-Horizons Gold Yield Fund (HGY.UN) decided not to pay any dividend at all.

I don't know what to think about Horizons Gold Yield Fund (HGY.UN). I am just getting frustrated about Horizons Gold Yield Fund (HGY.UN) dividend payment situation.

Using Videotron as Internet service provider?

If its the case, well than, be aware, you should stop using Videotron as a service provider. Why? Well, Videotron is just a Quebecor company and you might know Quebeckers as well as I do, they don't give a damn about anything. Here's another proof of Quebec unwillingness to be good toward others.

The Montreal Gazette had reported the story of Amber Hunter. Amber Hunter is an university student of Concordia. She studied political science. Amber work at a bar to pay up her bills. But now, Amber Hunter has more than she can afford to pay. What happen?

Amber use Videotron as a service provider. Since she studied and work at the same time, Amber need the Internet at home. Amber used a Wireless connection for her Internet. In the past couple of months, an unauthorized user has hacked Amber Hunter account. And than the problems began. Amber Hunter own Videotron 1 800$ in Internet fees.

Since Amber account had been hacked, someone has used Amber account and did a massive usage of it, leaving Amber with a bill of 1 800$.

This is the kind of situation that could happen to anyone. Amber is a student, the income she earns go for her tuition and living expenses.

In this case, Videotron claimed that Amber Hunter is responsible for the fees, despite the fact that she got hacked. The Quebec based company Videotron only credited Amber for 313$. Is that suppose to be fair?

A Videotron representative of the name of Isabelle Dessureault had declared that Videotron "don't like these kind of situations". Videotron doesn't like those kind of situation, and they are not willing to do anything else to help other than crediting a tiny 313$.

I know what it is to live in Quebec and having to deal with stupid Quebec independentist people everyday. The kind of individual you really don't want to deal with.

Videotron decision to not fully credit the hacking fees is just another example of Quebec stupidity. Just another example.

Hacking is something that exist. It's a criminal act that is being perform by individual who knows how the system work. Those criminals don't hesitate when it come to steel from individual.

Also, Videotron should credit Amber in totality because Videotron system is not well build. According to the Gazette, Videotron "has tools for users to monitor their usage but doesn't advise customers when they have exceeded their limits". Which mean that in case of hacking, the account user won't have a clue of what is going on until receiving the invoice.

If you are with Videotron, you should think about switching of service provider. A hack happen to Amber Hunter, but it could happen to anyone. It's not common, but it can happen. It's just like Interac fraud or other kind of informatics fraud. I think that Videotron should reversed the charges, all of them, not just 313$. And you, what do you think? Like wow, those Quebeckers...

The Canada Revenue Agency is after me - Part 2

Today was my day off, as a colleague of mine desperately need its Saturday off. Since I am not currently working at my weekend job, I decided to give a hand. So today, I had time to write everything I felt about Canada Revenue Agency. I have to say, despite my very hard feeling, our agency is doing one of those good job... let me explain.

2009 had been a very good year financially speaking. I had made over 40k in salary, I had earn thousands of dollars in dividend income. Yeah 2009 was an awesome year. But it was the first year I had massively invested in stock and income trust funds, the same one that had been converted in corporation just in time for 2011. And there was from where I got problem from. From the income trust funds. TD Waterhouse is very great to use because if you registered to their eService, they won't ever send you tax papers over the mail. So this mean that you have personally have to print them.

Myself as an individual, I am always in a ruch, working at several jobs, etc etc etc. But myself as an individual, I might have forget to print one of the form, because when I visit my accountant just an hour ago, I was told that the form that Canada Revenue Agency refer to in their letter, well, that form was not from my tax declaration. Not at all.

So the mistake was all mine and I am taking the whole responsability and yes, despite the governement people having access to free French courses, yes, I will be paying that $168 and something cent I own Canada Revenue Agency.

The Canada Revenue Agency is after me

Just when things are going so well, something have to happen. This time, the something is coming directly from Canada Revenue Agency. When I open the envelop, I freak out: I own the Canada Revenue Agency 165.88$. Reason behind: there is an extra payment that need to be made for my taxes. Those federal government jerks have really nothing better to do than reviewing my tax declaration of 2009 almost one year after it's been done and completed. Brian Mulroney can be out in the world when he had steeled million of dollars from federal taxes money but I, small investor is being ripped off! Totally being ripped off. Those people working at federal agencies shouldn't be getting any benefit or pension privilege because myself, I don't get any of those privileges but on top of that, those government idiots are sucking me to dead. I am the one who work hard for my money, I am the one who invest and create financial health with MY OWN MONEY. I am not a money sucker. I am not a cheater like Brian Mulroney.

Ok, so now, you will ask yourself, what's going on? In 2009, the total income that I declared was of 40 916$. Quite some money! But the people of the Canada Revenue Agency had revised my 2009 declaration and had decided that my total income was not of 40 916$, but of 42 195$. We are talking here of a difference of 1 279$!

According to Canada Revenue Agency, the money is coming from my dividend income received from Bell Aliant, Livingston, Energy Savings, Yellow Pages, Pembina, Enbridge Income Fund and Pengrowth. That's what they say in the letter without commenting more.

In 2009, I had gave to the accountant who did my tax declaration all of the papers received from TD Waterhouse. My tax declaration had been done correctly the first time. It's just those Ottawa morons who are messing up with my taxes. On top of that, the little jerks had charged me an interest of 5.43$ on the amount due!!!! MORONS!

I am going to write to those jerks of Canada Revenue Agency that I don't own them any money because I had declared the dividend that were on my T5 form. The jerks should had access to the information, since the T5 directly come from the Canada Revenue Agency itself!!!

I worked in Ottawa previously before and I know how selfish the federal government employees are. They don't give a damn about anything. They only care about their salaries and pension benefit. In Ottawa, a lot of are federal agents are taking free French courses. They had all of their life to learn French, they never care about the French language. Where the money is coming from to finance those French courses? FROM MY TAXES.

This is the way Canada is for French Canadians. Enough of the bullshit. I had pay my taxes in April 2010, the little idiots of Canada Revenue Agency.

If, like me, you had received such letter, you have the right to contest. The jerks even provide ways you can contest their decision... Yah.

Conversion now completed for JE.UN, BA.UN, PGF.UN, ENF.UN, DHF.UN and CWI.UN

I use to be an income trusts lover for the awesome dividend they were provided me every single month of the year. With the new legislation regarding taxable Canadian corporation, income trust companies had until 2011 to convert into corporation. Because I hold many income trust companies in my portfolio, lately, a lot of changes happen recently. A lot of changes, but it's always the same good companies. In my portfolio, I hold Just Energy Income Fund (JE.UN), Bell Aliant Regional Communications Income Fund (BA.UN), Pengrowth Energy Trust (PGF.UN), Enbridge Income Fund (ENF.UN), Davis + Henderson Income Fund (DHF.UN) and the The Consumers' Waterheater Income Fund (CWI.UN). Let's see the changes that occur now for those companies:

Just Energy Income Fund (JE.UN) conversion into Just Energy Group Inc. (JE)

I begin this post with Just Energy Income Fund (JE.UN) because JE.UN is my favorite stock! I like everything related to Just Energy, I like the story of their CEO Rebecca MacDonald, their newest US acquisitions and, more importantly, Just Energy Income Fund (JE.UN) awesome dividend. I am a huge Just Energy fan and I am very proud to be one of their unitholders! As a unitholder, Just Energy Income Fund (JE.UN) never failed at meeting my expectations. Since I began to invest in Just Energy, the company had paid me year after year a special dividend of 20 cents per unit.

Like other income trusts, Just Energy Income Fund (JE.UN) paid a dividend income on a monthly basis. Just Energy Income Fund dividend is of 1.24$ annually. To this you can add what is now commonly usual, the annual special dividend of 20 cents per unit. That make an awesome 1.44$!!!!

Just Energy Income Fund (JE.UN) is not Just Energy Income Fund (JE.UN) anymore. But that's only to get better. Just Energy Income Fund (JE.UN) is now Just Energy Group Inc. and its trade ticket is JE. Good news for stockholder: the dividend of Just Energy Group Inc. (JE) will remain exactly the same!

No news regarding the special dividend yet, but please, one thing at a time! lol...

Bell Aliant Regional Communications Income Fund (BA.UN) conversion into Bell Aliant Inc. (BA)

I am coming from New Brunswick and I am always very happy to be able to hold stocks from "back home" if I can say. In Maritimes provinces, Bell Aliant is huge. No one outside New Brunswick can have a taste of what's Bell Aliant represent for New Brunswickers.

Before its conversion, Bell Aliant Regional Communications Income Fund (BA.UN) was generous enough to pay its investors a dividend of close to 3$ per unit (2.90$ exactly annually per unit). So yeah, that's a lot of cash!

Bell Aliant Regional Communications Income Fund (BA.UN) conversion into a corporation is affecting the company in many different ways. In result, Bell Aliant had decided to cut its dividend. But when dealing with companies who are paying a huge dividend like close to 3$ per unit, you need to be ready for dividend cut one day or the other. That's my own opinion. I live a similar experience with Pengrowth Energy Trust (PGF.UN) before, but we will get back to it.

Anyhow, Bell Aliant Inc. (BA) dividend is quite still generous and it's still interesting to hold Bell Aliant Inc. (BA). Even after conversion, Bell Aliant dividend is quite strong and way much better than what BMO Bank of Montreal (BMO) can offer to their investors.

Bell Aliant Inc. (BA) new dividend is going to be of 7.3% per cent. That 7.3% is based on the closing price of Bell Aliant Regional Communications Income Fund (BA.UN) on date of December 31, 2010. Bell Aliant Inc. (BA) is going to be of 1.90$ annually. The dividend will be paid quarterly, which mean that Bell Aliant Inc. (BA) will no longer be paying a monthly dividend. Bell Aliant Inc. (BA) dividend will be of $0.475 per share quarterly. Quite interesting, don't you think so?

Pengrowth Energy Trust (PGF.UN) conversion into Pengrowth Energy Corporation (PGF)

Ahhhhhhhh Pengrowth Energy Trust (PGF.UN)! If Just Energy is my number one stock pick, Pengrowth Energy Trust (PGF.UN) arrived on second place. I "just" love Pengrowth Energy Trust (PGF.UN) and I have a longtime trade story with them.

Back in 2008, I had purchased my first units of Pengrowth Energy Trust (PGF.UN) following the discovery of Derek Foster. The Stop Working strategy? It's seemed unreal to me and I wasn't really interested in reading Derek Foster book at first. But time pass, I was getting no where with my mutual fund investments and while reading Derek Foster posts on the Canadian Business forum, I told myself: Why not? 

That's was the beginning of quite of a journey for me in the stock market. In now almost 3 years of trading, I could say I almost saw it all: the 2008 stock crash, the quick up and downs. I made money, lost money.  The stock market is not the same anymore and so I am. But overall, I did quite well, but the reason behind my trading success in the stock market was Derek Foster, that we discuss quite a bit in the past couple of years together readers, but things needed to be say.

Believe it or not, I was holding Pengrowth Energy Trust (PGF.UN) units when its dividend was of an awesome 2.70$ per unit! Those were wonderful time for me. The dividend of Pengrowth Energy Trust (PGF.UN) was so huge! That was back in the year of 2008.

In November 2008, Pengrowth Energy Trust (PGF.UN) announced its first dividend cut from a monthly amount of $0.225 to $0.17. Nothing major, I continue to hold the units. That dividend cut wasn't drastic. At $0.17 a month per unit, I was still enjoying a great dividend. Since I like the company and it was a Derek Foster stock, I decided to stick and hold, what I do the best.

But things were going to get more difficult for Pengrowth Energy Trust (PGF.UN) during the recession. 2008 was just the beginning of the years of capitalist destruction. But overall, the recession, I benefit from it. I build my stock portfolio, I get those debt to use for leverage, got laid off from BMO Bank of Montreal for no valuable reason but what no one was going to know but know certainly now: I was going to make money like crazy in a recession world. Ok, well like "crazy" I guess its depend of your criteria of success, but 4 000$ in dividend earning + a close to 8 000$ increase value of my investment for 2010 is what I call crazy money... Crazy money for a crazy girl lol...

My story with Pengrowth Energy Trust (PGF.UN) do not end here. In September 2009, Pengrowth Energy Trust (PGF.UN) reduced its dividend for the second time. That time, the dividend was reduced to 7 cents per unit. That's when I decided to sell all of the units I was holding of Pengrowth Energy Trust (PGF.UN) to invest the vast majority of the money in Pembina Pipeline Corporation (PPL). And gees, that was so an incredible good move coming from my part!

Later on, while searching something cheap to invest in, I decided to invest again in Pengrowth Energy Trust (PGF.UN). I currently hold just a bit more than 200 units of Pengrowth Energy Trust (PGF.UN). Me and Pengrowth Energy Trust (PGF.UN), its a love story set for life. Pengrowth Energy Trust (PGF.UN) were the first stock I was selling on the stock market. My very first sell. WOW.

And now today in 2011, Pengrowth Energy Trust (PGF.UN) converted into a corporation. Pengrowth Energy Trust (PGF.UN) new name is Pengrowth Energy Corporation. The new symbol ticket is PGF. The dividend of Pengrowth Energy Corporation (PGF) remains the same, $0.07 per stock. And good news for investors: Pengrowth Energy Corporation (PGF) will continue to pay a monthly dividend just like before! YEAHHHH!

Enbridge Income Fund (ENF.UN) conversion into Enbridge Income Fund Holdings Inc. (EIFH)

Enbridge Income Fund (ENF.UN) is another Derek Foster stock. I was bright enough to purchase 300 units when their price was around 13$ only... Now, at more than 18$ per stock, Enbridge Income Fund is fabulous. And I own it to who? To myself, of course because I am the one who decided to invest in Enbridge on the first place lol.

Enbridge Income Fund (ENF.UN) new name following its conversion is now Enbridge Income Fund Holdings Inc. (EIFH). Guess I will have to get use to the new trading symbol.

The dividend for the new Enbridge Income Fund Holdings Inc. (EIFH) will remain the same as it is now, 1.152$ per unit. The only change is in the payout of those dividend. Enbridge Income Fund Holdings Inc. (EIFH) plans to pay its dividend on a quarterly basis.

Davis + Henderson Income Fund (DHF.UN) conversion into Davis + Henderson Corporation (DH)

Things are going pretty well for Davis + Henderson Income Fund (DHF.UN). What catch my attention at first in this company is the + symbol between Davis and Henderson, that I always found quite mysterious, no matter how bizarre it can sound. Like why Davis + Henderson and not simply Davis and Henderson? No matter what catch my attention, this is good stuff because I made a profit of 320.84$ this year on Davis + Henderson Income Fund (DHF.UN). Yeah! And the dividend was also very great.

Ok, so regarding the name, nothing to worry about, the magical + remains were it belong! Davis + Henderson Income Fund (DHF.UN) had now become Davis + Henderson Corporation (DH).

Davis + Henderson Corporation (DH) is going to pay a quarterly dividend of $0.30 cents per unit or, if you prefer, an annual $1.20 dividend per stock. Still great stuff, despite the dividend cut. Before Davis + Henderson Corporation (DH), Davis + Henderson Income Fund (DHF.UN) dividend was of an extraordinary $1.8396.

The Consumers' Waterheater Income Fund (CWI.UN) conversion into EnerCare Inc. (ECI)

We had talked of the future of The Consumers' Waterheater Income Fund (CWI.UN) previously before. The Consumers' Waterheater Income Fund is another Derek Foster pick that I decided to add to my portfolio. After Derek Foster announced that he had sold his units, The Consumers' Waterheater Income Fund (CWI.UN) has some hard time in the sense that the value of its units was somewhere around 5$.

In the last quarter of 2010, The Consumers' Waterheater Income Fund (CWI.UN) had done extremely well. As a stick and hold investor, I didn't sell my The Consumers' Waterheater Income Fund units when I found out that Derek Foster sold his. I am grateful for taking the decision of not selling. I hate to sell my investment. Whenever I sell, there's a good reason behind.

I had confident in The Consumers' Waterheater Income Fund. I like the company and I always remember what Jean-François Tardif had said about The Consumers' Waterheater Income Fund, that it was a really safe company to invest in or something of that nature.

However, I still hold The Consumers' Waterheater Income Fund (CWI.UN) in my portfolio. All of the units I hold from CWI.UN are inside my TFSA. 

The now EnerCare Inc. (ECI) will maintain the same dividend amount as for the late The Consumers' Waterheater Income Fund (CWI.UN): $0.648 per share annually or, if you prefer, $0.054 monthly per stock. And yes, EnerCare Inc. (ECI) will maintain a monthly dividend! Bravo to EnerCare Inc. (ECI)!

Conclusion

2011 marks the end of my success story with income fund. Conversion had been done quite smoothly for those companies. But I just can't imagine what kind of work all of those changes might had represent in term of work for all of those companies.

JE.UN, BA.UN, PGF.UN, ENF.UN, DHF.UN and CWI.UN no longer exist, but the same companies will continue to operate a different name and symbol ticket. A dividend cut is being experiment in some cases, but some very strong companies like Enbridge Income Fund Holdings Inc. (EIFH) and Just Energy Group Inc. (JE) just to name those 2, had been able to maintain their dividends at the same level.

The conversion of Pembina Pipeline Corporation (PPL), Yellow Media Inc. (YLO) and Premium Brands Holdings Corporation (PBH) had been done during the year of 2010. Personally, I only hold Premium Brands Holdings Corporation (PBH) since its become a corporation. Premium Brands Holdings Corporation (PBH) is a Jean-François Tardif stock pick, which well for me at this time, despite that I previously taught about selling Premium Brands Holdings Corporation (PBH). But I won't be selling Premium Brands Holdings Corporation (PBH) anytime soon. Unless an emergency need of cash emerge.

Happy 2011 investment party! Can't believe we are here. Are you ready for 2011?