UA-300188601-1 The Dividend Girl: A great finding of mine: Great Lakes Hydro Income Fund

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Thursday, September 3, 2009

A great finding of mine: Great Lakes Hydro Income Fund

After all I went through lately; I really hope I will be able to make more investment in a close future. I had received from Creststreet Mutual Funds Limited the 2009 Interim Report, Management Report of Fund Performance for the Creststreet Alternative Energy Fund. I begin to read the report while being at work. Check this out: during the first half of 2009, the fund had a return of 11.6%.

I wrote many posts regarding Creststreet Alternative Energy Fund, and it’s not for nothing. This fund is incredible and for nothing in the world I would sell this investment. Even if my initial investment was only of 1000$, I am very proud to have Creststreet Alternative Energy Fund in my portfolio. Like this is the best Canadian mutual fund ever!

While reading the 2009 Interim Report, Management Report of Fund Performance for the Creststreet Alternative Energy Fund, I got interested in a company that constitutes the Creststreet Alternative Energy Fund. It’s the Great Lakes Hydro Income Fund.

And strangely, just in date of September 2009, the Great Lakes Hydro Income Fund had been acquired by another company. This probably doesn’t mean anything for you, but for me, it’s a good sign, it’s mean that the late Great Lakes Hydro Income Fund, which is now Brookfield Renewable Power Fund (BRC.UN) is a good investment. And secondly, Great Lakes Hydro Income Fund, now Brookfield Renewable Power Fund (BRC.UN) is a good investment because it’s part of the fabulous Creststreet Alternative Energy Fund. I cannot be wrong.

I like whatever is green energy also. This finding was a nice one and it could become my next investment even if I wrote many many times that my next investment was going to be BA.UN.

Brookfield Renewable Power Fund (BRC.UN) annual dividend pe unit is of 1.25$. It’s more than Fortis (FTS), which is set at 1.04$ annual dividend. Brookfield Renewable Power Fund (BRC.UN) offer a pretty good dividend. A perfect fit in our 200$/monthly dividend goal. Brookfield Renewable Power Fund (BRC.UN) is pretty stable. Year highest value had been of 20.45$ so far, lowest 14.70$. The difference between the highest and the lowest is only of 5.75$.

Conclusion: Brookfield Renewable Power Fund (BRC.UN), late Great Lakes Hydro Income Fund is a BUY! lol

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