At least they carry forward remainder credit for part shares to be allocated in the future, many companies don't !
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At least they carry forward remainder credit for part shares to be allocated in the future, many companies don't !
MFT up almost 10% since the lockdown ....FPH more then that ....IFT is holding steady ....thats almost 52% of KFL holdings ....So maybe KFL NAV will jump big time on coming Thursday ....Expecting around 1.85 maybe !!!
3.52 cents dividend also round the corner !! KFL is a great long term hold :t_up:
Fully agree and thats what is supporting my retirement ....Its the best buy and hold of my life ...tax free plus no need include or file IR3 ...so total buy and forget and just enjoy direct credits every 3 months to bank ....what more a retired person need for financial security !! :t_up:
PS : Capital is not only preserved well but appreciates also most of the years
I've been retired for years on a large portfolio of this trifecta along with a healthy slice of LPTs. I didn't pay today's prices either so the NTA yield is considerably higher.
I'm not even 60. Of course the imputation credits are wasted in my case, but umm you have to make profits to get any in the first place of course.
The critics normally chime in here...
If you have $1m invested you would take the DRP shares at 3% discount each quarter and concurrently sell on-market via Jarden or whoever. The brokerage is a reasonable sum less each quarter than the value of the discount. So tax free return is even higher.