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Sunova launches eVoting for Board of Directors
April 18, 2015
2:44 am
Loonie
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Norman1 said

Someone reported that the shares are TFSA eligible and Hubert members could buy more. See thread Hubert / Sunova Common & Surplus Shares now RRSP/TFSA Eligible

Post #11 in the link Norman1 has provided, in a message from Sunova, says that one can buy up to $1000 in said shares so that Sunova can share the wealth. At 4.9%, if I understand correctly, this would be $49. It seems like a lot of bother for that much money, especially considering it is difficult to liquidate the investment.
It's a nice bit of candy, a reward at the end of the year for committed members, but hard to consider it a serious investment.

April 18, 2015
6:20 am
Norman1
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kanaka said
So is the common share the 1 that you have to have for an account and what ever more you buy are the surplus ones? I can be sooooo daft!!!

Yatti420 said
Historical dividend payouts: https://www.sunovacu.ca/Home/Download/0?path=~%2FContent%2FFiles%2FShare

The surplus is the dividend you get off your common share(s).

The share(s) that one purchases with cash are the common shares.

Dividends on the common shares are automatically reinvested into surplus shares. Dividends on the surplus shares are automatically reinvested into additional surplus shares.

Their didn’t your parents ever teach you about sharing? page also mentions that the dividends are treated as interest income and not dividend income:

Tax implications

Any dividends paid to you on your common or surplus shares are taxable as interest income in the year they are paid. If your total interest and dividend income is more than $50, we will issue a T5 to be filed with your tax return. You must also report amounts below $50 on your income tax return.

April 18, 2015
7:11 am
Norman1
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kanaka said
...
What happened in 2013 and 2014?

https://www.sunovacu.ca/Home/Download/0?path=~%2FContent%2FFiles%2FShare

This is from Note 19 of their 2014 financial statements among Sunova's annual reports:

Year Common Share Dividend Surplus Share Dividend
2014 4.9% 4.75%
2013 4.5% 4.5%
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