The Globe and Mail reports in its Monday edition that Michelle Head Kim at Lorne Steinberg Wealth Management has sold Couche-Tard. The Globe's Brenda Bouw writes that Ms. Head Kim sold the stock last fall after holding it for about five years. "Couche-Tard has an exemplary track record of acquiring small chains of competitors and integrating them into its network, typically with a rebranding under its Circle K banner," she says. "We were concerned with its decision to pursue an acquisition of 7-Eleven owner Seven & i Holdings of Japan. If consummated, this deal would be huge, require significant new portions of debt and equity to be issued, and come with major integration risks. We bought in the low $40 range and sold it in October, 2024, at an average price of $73. It's hard to sell something when it's done well for you, but we felt the pursuit of the Seven & i Holdings deal was a major change in the company's strategy." Steinberg Canadian Dividend Growth fund has returned 17.3 per cent over the past 12 months and has a three-year annualized return of 8.9 per cent and a five-year annualized return of 13.8 per cent. Meanwhile, the Steinberg Global Value Equity fund returned 13.2 per cent over the past year.