ISENF - Queen's Road Capital: An Income Play That's Low Risk With Exposure To Commodity Price Upside
If you would like to have stable dividend income plus exposure to the upside of the uranium price, you may consider Queen's Road Capital Investment Ltd. (QRC.TSX-V)(BRSGF), which made its public debut recently through a reverse takeover.
Business model
Queen's Road Capital Investment, or QRC hereafter, is an investment company that provides financing to the natural resource sector. QRC acquires convertible debentures from the issuer (mining company) to help fund natural resource projects. The interest coupon received on the convertible debentures will, in part, be returned to shareholders in the form