Canadian REITS, Trusts & Dividend Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Scott Mc who wrote (3578)	6/26/2002 10:13:15 PM
From: Peter W. Panchyshyn	Read Replies (1) of 11633

I agree that you can make money trading rights, people do it, it is however Dilutive on the company whether you like it or not. ------ Lets take some numbers The rights offerring (Q1 2002) gross proceeds of $71 million Net asset for the trust of trusts (EIT.UN) dec 31 2001 ----- $197.8 million mar 31 2002 ----- $274.1 million jun 25 2002 ----- $280.5 million The rights offerring added 11.7 million trust units Units issued and outstanding dec 31 2001 ----- 28.9 million mar 31 2002 ----- 40.5 million Now with these numbers from their Q1 and 2001 Annual Reports. The question is """"" Is the average unitholder who took advantage of the rights better off or worse off because of it?"""""------- ------- To answer that we need the following further info Unit value on TSE dec 31 2001 --- $6.90 unit value on TSE jun 26 2002 --- $7.08 Distributions 6 X $0.07 = $0.42 I'll do my own number crunching of this in my next post a little later. What do you think?????????? ---------------------

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next