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

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To: Scott Mc who wrote (3495)	6/20/2002 7:05:39 PM
From: Peter W. Panchyshyn	Read Replies (1) of 11633

I supplied an example, frankly what's the big deal, many companies issues rights. -------- The big deal as you say is this. ONE TRUST issuing rights/warrants just about each and every year. The results of those which I documented , are great and go direct to the unitholder. SAME TRUST SAME ISSUING SAME GREAT RESULTS FOR THE SAME UNITHOLDER. As you say many companies may issue rights. But they do not do it consistently and with the same consistent and great results for the holder. THATS DOCUMENTED. ------------ I do not believe that Rights create value out of thin air, you do.. Fine continue believing it -------- I BELIEVE THE DOCUMENTED FACTS. AS ALL SHOULD. I showed that each time by exercising the rights (documented in past posts I referenced for you) given me I have gotten much more units now paying pretty close to the exact same distribution. Higher monthly total payout. I showed by my trading the rights (also documented in those same past posts I gave reference to ) I got double to triple digit gains each time. THAT IS NOT OUT OF THIN AIR. ITS BEEN DOCUMENTED. You just refuse to believe that evidence. Thats your right just don't think that ignoring it or pretending it isn't there for one minute makes it untrue. --------------- Maybe the management of the fund is better than me and justifies there fee, fine could be.. They may but I have 4 huge advantages. 1. I do not take a fee -------- I dispelled this advantage by way of a previous example. You may want to recheck that. In that example I showed that the fees costs were around $1700 but the benefits in increased income , immediate premium on conversion and the rights trading gains. All which are exactly what I had done at the times. Was over $3500. QUITE SIMPLY THE BENEFITS EXCEED THE "COSTS" ----------- 2. I am buying in smaller quantities ------- I dispelled this by way of that "ECONOMIES OF SCALE" example. Facts again which you just ignore. --------- 3. I can pick off the low or high of the day with smaller quantities. -------- I dispelled this by way of the ECONOMIES OF SCALE EXAMPLE. Care to provide an example of this in your own defense. Truth of the matter is that buying 100 units at a days lows. Means nothing if your holding many thousands of shares. Your not getting the same benefit as a large trust with huge base and borrowings and a DRIP program adding many tens of thousands a month can buying at prolonged lows of days to weeks like we have seen. By way of example here. You hold 5000 units total of trust of trusts A. In a single day you buy 100 units at a days lows. Can you hope to do that over several days with your base and earnings compared to the trusts who with their borrowings and DRIPS can buy at protracted lows over several days buying many thousands of units each and every day???? THE ANSWER IS YOU CAN"T PERIOD THERE IS JUST NO COMPARING THE DIFFERENCE IN SCALES. ------- 4. I have my own interest 100% in my mind. ------- I can dispell this easily enough because with a trust of trusts it is I and I along that decide when I am going to buy in. It is I alone who decide to take full advantage of the rights and warrants and all the benefits derived there from. I leave the fine day to day detailing to the management and I use the trusts base and its DRIPPING to my best advantage. Quite simply that gives me my own 100% interest in mind ----------------- Anyway if you wish to buy funds that's your perogative, I just will not be buying that particular one. Scott

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