New Purchase Plus a Special Dividend

Hi everyone and welcome to my final post of 2017 I will take the next week off to relax and spend time with family. Today I decided to combine two posts.

Last week I wrote about purchasing Canadian Apartment Properties REIT well on December 1st I decided to increase my position in Canadian Apartment Properties REIT.

Transaction

On Dec 1st I purchased an additional 43 shares @ $36.75 per share for a total cost of $1,590.20. I had purchased my first 40 shares at a cost of $37.44 per share, so I was able to lower my cost per share to $37.21

Income

Canadian Apartment Properties REIT pays a monthly dividend of $0.10667 so this purchase will provide me an additional $4.59 per month. Annually my income will increase by $55.08.

So now I own 83 shares of Canadian Apartment Properties REIT, I will look for opportunities to add to my position in the future.

Let’s get to the Special Dividend shall we 🙂

I wasn’t really expecting this announcement but on Dec 19th The Keg Royalties Income Fund announced that they would pay shareholders a special distribution of $0.03 per share. This is the second year in a row that I know of that The Keg has done this. I became a shareholder in 2016.

What is The Keg Royalties Income Fund?

So what is The Keg Royalties Income Fund? The fund is a limited purpose open-ended trust established under the laws of the Province of Ontario, through The Keg Rights Limited (KRL) Partnership, a subsidiary of the fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. In exchange for use of those trademarks, KRL pays the fund a royalty of 4% of gross sales of Keg Restaurants included in the royalty pool.

The Keg has approximately 9,500 employees, over 100 restaurants and annual system sales of approximately $585 million. Vancouver-based KRL is the leading operator and franchiser of steakhouse restaurants in Canada, and also has a substantial presence in the United States.

Income

I currently own 166 shares and with this announcement I will receive $4.98 in January.

Congrats to my fellow shareholders in The Keg Royalties Income Fund for receiving this special distribution.

I would like to take this time to thank all of you for reading this blog I have seen some very nice growth in terms of page views and followers to the site. I greatly appreciate all of the support I have received. As mentioned above I am going to take next week off to relax and spend time with family, also to watch hockey with the World Juniors tournament and the Spengler Cup starting Go Canada.

I would like to wish each and everyone of you a Merry Christmas, Happy Holidays

Thank you for making 2017 a success, I hope hope 2018 is a great success for all of us.

Thanks

Matthew