Due to the Legacy Aggressive Portfolio’s dependence on energy and commodities, its performance has been poor for more than a year. We don’t see that situation turning around soon, so we have stopped coverage of those stocks and are focusing on the Legacy Conservative Portfolio, which will now be called the Legacy Portfolio. However, we’ve added two of the Aggressive Portfolio holdings to the Legacy Portfolio based on their business models and performance:  Magna International and New Flyer.

Here is our monthly summary of important news for our Legacy holdings:

Algonquin Power & Utilities (TSX: AQN, OTC: AQUNF) will acquire Empire District Electric for C$3.4 billion (US$2.4 billion), including the assumption of about C$1.3 billion of the company’s debt. The deal will expand Algonquin’s regulated businesses and form a company with total assets worth C$8.9 billion.

The acquisition should add to Algonquin’s earnings per share (EPS) and funds from operations per share (FFOPS) immediately. The average annual contribution to EPS and FFOPS is expected to be about 7% to 9% and 12% to 14%, respectively. The additional revenue will support the company’s dividend growth target rate of 10% annually.

AltaGas (TSX: ALA, OTC: ATGFF) shelved its $600 million liquid natural gas project in Kitimat after global energy prices worsened. Management was unable to secure a customer at a price that would cover the project’s costs. AltaGas was the leading member of a consortium that included Japan’s Iemitsu Kosan and Belgium’s EDFT Trading and Exmar to build the liquefaction facility on British Columbia’s coast.

The Force Awakens, the all-time highest-grossing movie in North America, helped drive Cineplex’s (TSX: CGX, OTC: CPXGF) strong 2015. The company’s full-year earnings surged 76% to C$134.2 million (US$96 million) after revenue grew 11% to C$1.4 billion. Cineplex set records for its box office, food and attendance.

The company plans to build another The Rec Room in Toronto, its third Canadian location. The Rec Room is a one-stop destination for dining, recreational games and live entertainment.  Construction will begin this summer, and the complex is scheduled to open in the first quarter of 2017. Cineplex expects to add several more Canadian locations over the next few years.

Keyera Corp. (TSX: KEY, OTC: KEYUF) reported a strong year as adjusted earnings before interest, taxes, depreciation and amortization rose 33% to $705 million. All three of Keyera’s businesses contributed to its growth in distributable cash flow, which increased 24% to $482 million.

The company increased its monthly dividend 16% to $0.125 per share, with its payout ratio remaining sustainable at a conservative 50%. Management plans to spend about $600 million to $700 million in growth capital investments in 2016, compared to $641 million in 2015.

Magna International (TSX: MG, NYSE: MGA) reported fourth-quarter earnings from continuing operations of $483 million, or $1.19 per share, compared with $516 million, or $1.23 per share, in the same quarter last year. The decrease, however, still beat expectations of about $1.11 per share and allowed management to raise the quarterly dividend 14% to $0.25 per share.

For the full year, revenue fell 7% to $32.1 billion due to a stronger U.S. dollar. Excluding foreign currency exchange effects, revenue was up 3%.

During the year, light-vehicle production increased 3% to 17.5 million units in North America and rose 4% to 21 million units in Europe.

This year Magna expects North American production to increase to 18 million units, while units in Europe remain flat. Sales this year are expected to range between $34.6 billion and $36.3 billion, about 6% to 12% higher than in 2015.