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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: David Alon who wrote (3247)	4/30/2002 8:46:17 PM
From: Lorne Larson	Read Replies (2) of 11633

Anyone have any thoughts on the conversion of Canadian Crude Seperators to an income trust? Maybe this has been discussed on this board and I missed it. The information circular indicates about $1.44 for distribution on a pro forma basis, based on the last 3 months operations in 2001, plus another .60 for "growth capital expenditures". Company also has shown impressive growth over the last 2 or 3 years. Of course the shares jumped in price after the announcement of the proposed conversion to an income trust, but even so, this looks attractive to me. (one of the few in the recent new income trust glut). Not an IPO so you're going to have to buy the shares of CCR to get in on it prior to the conversion. Would appreciative any comments.

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