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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: Kitskid who wrote (232)6/9/1999 7:04:00 PM
From: WINDSURFER50  Read Replies (2) of 11633
 
Well, I own 500 HOT.UN but they aren't getting mine. I'd rather hold them forever for the distributions.

Also, I've heard a lot about RYL's mailout of an offer to CHIP unit-holders, but haven't seen any paper yet. It's June 9th and that wouldn't leave me much time to think about it before expiry.

See today's Globe & Mail, p. 11, where CHIP's Kevin Grayston says he doesn't think there's a very good fit between the 2 REIT's, owing to their different focus. CHIP - higher-end business... RYL... Motel 8.

Now, if RYL offered about $11/unit (which would be 1.4 vs their 1.19, I might jump.

I also own 1200 LGY.UN, so really, all I need is a few hundred RYL and I'd be sitting 'hotel pretty.' Come on, Americans. Stay in Canada. "Any hotel will do."
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