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Strategies & Market Trends : Group Therapy

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To: Duane L. Olson who wrote (3233)	3/8/2001 10:35:13 AM
From: Wolf 2	Read Replies (3) of 4564

TSO: Welcome to life in the slow lane (i.e. Canadian income trusts)!<gg> I do not have any ERF in my port but this is a sister company of EIF (Enermark Income Fund) in which I have tons invested. They have a common management team as you can readily see from this site: enerplus.com As you would expect, the application of the same management philosophy to these two trusts has resulted in virtually identical results in terms of return and replacement of reserves. Hence, there appears to be little advantage in owning both. Here's a piece that appeared on Stockhouse last August which contains differing opinions on a number of trusts: stockhouse.ca So far, it's been a rewarding place to park money despite the 'rough patch' we endured in '98/'99--at which point I averaged down aggressively. BTW, we igloo-dwellers do enjoy an additional benefit taxwise which, unfortunately, is not available to U.S. investors: ~40% of annual distributions is deemed to be a 'return of capital' not 'income' and is, therefore, not taxable. This is only a deferral, however, since one is obliged to reduce the original purchase price by such untaxed amounts when calculating capital gains (or losses) on disposition. Good luck with them. Wolf

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