Hydro One Installment Receipt (H.IR.TO)

(A Top Pick Sep 17/18, Up 24%) An installment receipt eventually converts into the underlying equity, but you only pay a third of the share price and receive the full dividend. This resulted in a 16% yield. When he bought it there was a good chance a key acquisition would not go ahead -- this would have allowed you a full refund of your investment plus the interest earned. He also liked Hydro One anyway. The deal did fail and the installment receipts were paid out.