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

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To: Lorne Larson who wrote (3727)	7/24/2002 7:17:23 PM
From: Peter W. Panchyshyn	Read Replies (1) of 11633

Read the question again, dummy. I know Rev Canada differentiates between realized and unrealized losses. The point is that Rev Canada makes no distinction between trusts and any other stock in this regard. Nortel is treated no differently than NCF. You can't have it both ways. Either you've suffered a loss on NCF, or the Nortel holders haven't suffered any loss at all. Which is it? ------- Sorry but you do not suffer a "real loss" on NCF because you DO NOT SELL IT. The loss is "unrealized". The loss then completely and easily disappears with the, and each and everytime, the cyclical rise next comes. Because that is what the trusts do. Now compare that to NT. When a holder here sells he suffers a real loss. He has no chance of a comeback because for one he is out of it completely his loss on NT will never disappear , its fact and done with, and for two it (NT) does not display a consistent yearly cyclical change from highs to lows like NCF does. Thats historically documented with the facts. Trading data. Add to that the fact that all the while NCF pays high monthly income NT pays out nothing. Now quite arguably NT holders too as well have the choice of not selling. Not taking the loss. Or taking the loss but sticking with NT at the much lower levels. Those who are real professional and experienced traders may decide to trade NT as it has bounced around these lower levels quite a bit over the period. Successfully doing these trades and many of them going forward. Could result in this activity wiping out the earlier losses suffered on NT. But the fact of the matter is that most just won't do this. They will just suffer the loss and not look back. So you see there is no distinction between the trust and the stock. The distinction is that for the stock one to be done. It has to be done with a lot more effort a lot more guts and surely not so easily as just waiting for NCF to cycle higher because each and every year it has shown to do that. And again NCF holders have that added bonus of the high monthly income being paid out each and every month month after month. To make the wait much easier to cope with. ----------------

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