I Sold my Enercare Shares and Bought Three Companies

Good day guys, last week I sold my Enercare (ECI.TO) shares, but didn’t have a chance to write about the transaction. Brookfield Infrastructure offered $4.3 billion to buy the company. I decided not to wait until the deal is approved and closed. So I sold all of my 215 shares for $28.86 per share. I received around $6,200 from the sale, or 64% return on my investment, excluding the monthly dividends I was receiving for the past 6 years.

The cash from proceeds is already invested. Here’s what I bought:

• 60 shares of Canadian Utilities for $32.15 per share 
• 50 shares of Fortis for $42.38 per share 
• 80 shares of Brookfield Property Partners for $26.08 per share 

The two utility companies are new positions for me. I mentioned in my previous posts of my intention to increase utility exposure because utility stocks are down and they are great businesses to own. Last month, I bought another utility company – Emera, and I plan on adding more maybe in August or September.

Brookfield Property is the stock I already own so I added 80 more shares to have a full position. I love the company. They have great assets around the world. My total investment in Brookfield Property is around $4,000 which is about 6% of my portfolio weighting.