Connect with us

Investment

Have Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Insiders Been Selling Their Stock? – Simply Wall St

Published

on


Anyone interested in Boardwalk Real Estate Investment Trust (TSE:BEI.UN) should probably be aware that the Independent Lead Trustee, Arthur Havener, recently divested CA$332k worth of shares in the company, at an average price of CA$45.76 each. The eyebrow raising move amounted to a reduction of 22% in their holding.

Check out our latest analysis for Boardwalk Real Estate Investment Trust

The Last 12 Months Of Insider Transactions At Boardwalk Real Estate Investment Trust

The President, Roberto Geremia, made the biggest insider sale in the last 12 months. That single transaction was for CA$1.6m worth of shares at a price of CA$44.13 each. That means that an insider was selling shares at slightly below the current price (CA$46.89). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can’t be sure if it does mean insiders think the shares are fully valued, so it’s only a weak sign. It is worth noting that this sale was only 22% of Roberto Geremia’s holding.

Over the last year we saw more insider selling of Boardwalk Real Estate Investment Trust shares, than buying. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

TSX:BEI.UN Recent Insider Trading, December 21st 2019

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership of Boardwalk Real Estate Investment Trust

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Our data indicates that Boardwalk Real Estate Investment Trust insiders own about CA$12m worth of shares (which is 0.5% of the company). We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Overall, this level of ownership isn’t that impressive, but it’s certainly better than nothing!

What Might The Insider Transactions At Boardwalk Real Estate Investment Trust Tell Us?

An insider hasn’t bought Boardwalk Real Estate Investment Trust stock in the last three months, but there was some selling. Zooming out, the longer term picture doesn’t give us much comfort. On the plus side, Boardwalk Real Estate Investment Trust makes money, and is growing profits. Insider ownership isn’t particularly high, so this analysis makes us cautious about the company. So we’d only buy after careful consideration. Of course, the future is what matters most. So if you are interested in Boardwalk Real Estate Investment Trust, you should check out this free report on analyst forecasts for the company.

Of course Boardwalk Real Estate Investment Trust may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.

These great dividend stocks are beating your savings account

Not only have these stocks been reliable dividend payers for the last 10 years but with the yield over 3% they are also easily beating your savings account (let alone the possible capital gains). Click here to see them for FREE on Simply Wall St.

Let’s block ads! (Why?)



Source link

Continue Reading

Investment

Canadian Securities Regulators Publish Liquidity Risk Management Guidance for Investment Fund Managers – Canada NewsWire

Published

on


TORONTO, Sept. 18, 2020 /CNW/ – The Canadian Securities Administrators (CSA) today published guidance to help investment fund managers develop and maintain effective liquidity risk management frameworks for investment funds.

For the purposes of this guidance, liquidity risk is the risk that a fund is unable to satisfy redemption requests without having a material impact on the remaining securityholders. A fund must be able to sell the underlying portfolio assets within a reasonable amount of time, in an orderly manner to satisfy redemption requests. Liquidity risk can increase when the liquidity of portfolio assets held by an investment fund does not match the redemption terms and conditions offered to its investors. In recent years, the management of this potential liquidity mismatch has been a key focus for regulators internationally and the asset management sector.

“Taking a preventative and proactive approach to liquidity risk management is critical to ensuring such risks are appropriately managed,” said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. “We are publishing this guidance to support investment fund managers in their ongoing development and maintenance of robust, effective liquidity risk management frameworks.” 

The guidance contemplates normal and stressed market conditions, such as the global financial crisis in 2008 or the COVID-19 pandemic, and is based on existing regulatory requirements. It also recognizes that liquidity risk management is not “one-size-fits-all.” Investment funds vary in size, structure, investor base and other fund characteristics, and what may be considered a material risk for one fund may not be material for another.

While the guidance is intended for investment funds that are subject to National Instrument 81-102 Investment Funds, many of the practices and examples outlined may be relevant to other investment funds.

Under securities legislation, investment fund managers must establish and maintain an effective liquidity risk management framework and exercise due care, skill and diligence in managing the liquidity of their funds.

Investment fund managers should contact the securities regulator in their principal jurisdiction to discuss any questions or concerns.

The CSA encourages investment fund managers to consult the global liquidity risk management recommendations developed by the International Organization of Securities Commissions (IOSCO). These recommendations are designed to help fund managers respond to stressed market conditions.

As part of its ongoing continuous disclosure review program, the CSA will continue to monitor the liquidity risk management of funds.

The CSA, the council of the securities regulators of Canada’s provinces and territories, co- ordinates and harmonizes regulation for the Canadian capital markets.

For Investor inquiries, please refer to your respective securities regulator. You can contact them here.

For media inquiries, please refer to the list of provincial and territorial representatives below or contact us at [email protected].

For more information:

Kristen Rose
Ontario Securities Commission
416-593-2336

Hilary McMeekin
Alberta Securities Commission
403-592-8186



Brian Kladko
British Columbia Securities Commission
604-899-6713

Sylvain Théberge
Autorité des marchés financiers
514-940-2176



Jason (Jay) Booth
Manitoba Securities Commission
204-945-1660

Shannon McMillan
Financial and Consumer Affairs
Authority of Saskatchewan

306-798-4160



Marissa Sollows
Financial and Consumer Services
Commission, New Brunswick
506-643-7853

Steve Dowling
Government of
Prince Edward Island,
Superintendent of Securities
902-368-4550



David Harrison
Nova Scotia Securities Commission
902-424-8586

Jeff Mason

Nunavut Securities Office

867-975-6591



Renée Dyer
Office of the Superintendent
of Securities
Newfoundland and Labrador
709-729-4909

Tom Hall
Office of the Superintendent
of Securities
Northwest Territories
867-767-9305



Rhonda Horte
Office of the Yukon Superintendent
of Securities
867-667-5466


SOURCE Canadian Securities Administrators

Let’s block ads! (Why?)



Source link

Continue Reading

Investment

Manulife Investment Management earns top scores from United Nations-supported Principles for Responsible Investment – Canada NewsWire

Published

on


C$ unless otherwise stated
TSX/NYSE/PSE: MFC     SEHK: 945

An A+ was awarded for the strategy and governance, listed equity incorporation, and fixed-income SSA modules  

TORONTO, Sept. 18, 2020 /CNW/ – Manulife Investment Management announced today that it has been recognized with top scores from the United Nations-supported Principles for Responsible Investment (PRI) annual assessment report. For the second year in a row, Manulife Investment Management received a score of A+ for strategy and governance from the PRI for integrating environmental, social, and governance (ESG) considerations into investment practices across a range of asset classes. An A+ was also awarded in the listed equity and fixed-income sovereign, supranational, and agency (SSA) integration modules.

Other notable achievements included:

  • Manulife Investment Management’s public markets received an A in all other direct investment and active ownership PRI modules for which it was assessed. Other modules covered its investments in corporate bonds and securitized debt. Manulife Investment Management saw notable increases in its scores as compared to 2018 in areas such as: communications regarding ESG screens, and integration and implementation of analysis of the ESG information for internally managed listed equity holdings. There was also improvement in the number of companies engaged with and the intensity of engagement and effort. Similarly, for fixed income, Manulife Investment Management saw improvements in the integration and implementation of the ESG issues reviewed and its disclosure of approach with the public. For securitized, an outcome of either financial/ESG performance was also noted as an additional assessment indicator.
  • Manulife Investment Management’s private markets continued to be recognized as a leader with real estate receiving an A for the third consecutive year under the property module. In addition, Manulife Investment Management demonstrated its commitment to sustainable investing within private markets by expanding the scope of the assessment in 2019 to include submissions for infrastructure and private equity, achieving a B in each respective module.

“Manulife Investment Management strives to be a leader in ESG investment practices as a responsible steward of client capital,” said Christopher P. Conkey, CFA, global head of public markets, Manulife Investment Management. “We are very proud of our investment teams for achieving an A+ for ESG strategy and governance for the second year in a row and for earning superior marks in the screening, integration, and engagements modules for listed equities and in direct fixed-income SSA. This is not only important for our clients who entrust us to implement ESG for specific portfolio goals, but also for the overall relevance of our strategies as we look to the future of investment management.”

“Sustainability is one of the keys to creating long-term value for our clients within private markets,” added Stephen J. Blewitt, global head of private markets. “It is important for us to consider sustainability because we’re generally long-term investors across a diverse range of private markets asset classes and submitting to the PRI is an opportunity for us to demonstrate transparency while tracking our progress. It is rewarding for the work we have done to be recognized.”

The key activities within Manulife Investment Management’s investment teams in 2019, which helped to achieve the PRI scores include:

  • The release of its inaugural sustainable and responsible investment report in 2019.
  • Increased integration in industry analysis, sovereign analysis, and securitized fixed income. Manulife Investment Management developed a proprietary sovereign ESG assessment model in 2019, which is currently in use by its investment teams as an input into credit analysis. The model produces sovereign-specific baseline views on ESG issues.
  • The use of scenario analysis—a key tool for companies in demonstrating planning for climate change.
  • Engagement with 724 companies in 940 separate engagements across all investment teams. In 2019, 26% of engagements had an environmental factor focus, 20% had a social factor focus, and 54% had a governance factor focus.

For more information on Manulife Investment Management, please visit manulifeim.com/institutional

About Manulife Investment Management
Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 17 countries and territories. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. 

As of June 30, 2020, Manulife Investment Management had CAD$900 billion (US$660 billion) in assets under management and administration. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

SOURCE Manulife Investment Management

For further information: Media contacts: Brooke Tucker-Reid, Manulife Investment Management Canada, 647-528-9601, [email protected]; Elizabeth Bartlett, Manulife Investment Management US and Europe, 857-210-2286, [email protected]; Carl Wong, Manulife Investment Management Asia, 852-2510-3180, [email protected]

Related Links

https://www.manulifeim.com/

Let’s block ads! (Why?)



Source link

Continue Reading

Investment

Rural communities receiving money for job creation and investment – AM800 (iHeartRadio)

Published

on


Rural communities are getting almost $1 million in cost-share funding to diversify their economies, retain skilled workers and create jobs.

Details about the funding were released by Ernie Hardeman, Minister of Agriculture, Food and Rural Affairs, in Leamington on Friday.

A portion of the funding will go towards the revitalization of downtown Leamington.

The money is being provided through a new targeted intake of the Rural Economic Development program (RED).

“This funding will focus on diversifying regional economies and improving the competitiveness of rural businesses across the province,” said Minister Hardeman. “Due to the COVID-19 crisis many people are struggling, and this funding will support job creation and investment to help lift up individuals, families and businesses.”

The intake is directed at not-for-profit organizations with a mandate towards regional economic development and eligible projects would be eligible for up to 70 per cent of total costs to a maximum of $75,000 in provincial funding.

Minister Hardeman also announced more than $3 million in funding cost-shared with applicants to be invested in 65 projects through a previous RED intake.

This funding will support economic development efforts such as:

Capital improvements to enhance an uptown arts and cultural hub to increase tourism;

Implementing new and accessible streetscaping to develop a more inviting downtown;

Waterfront development to expand and revitalize local trails.

“I am very pleased to see our government stepping up to the plate, now more than ever, to help rural Ontario,” said Chatham-Kent-Leamington MPP Rick Nicholls.”Assisting in the revitalization of downtown Leamington and supporting not-for-profit organizations are key to helping the region on its road to economic recovery.”

Leamington Mayor Hilda MacDonald says they are thankful for the funding to help complete key infrastructure projects.

“The John Street Centennial Park and Shotton Parkette upgrades are just two projects in a series of initiatives we are undertaking to reinvent public spaces and attract renewed interest and investment into Leamington’s uptown core,” said MacDonald.

Applications will be accepted from Sept. 21 – Oct. 9, 2020

Let’s block ads! (Why?)



Source link

Continue Reading

Trending