Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Tommaso who wrote (53659)	9/25/2004 2:34:31 AM
From: Taikun	Read Replies (1) of 74559

Thanks. Since many here are non-resident CRT owners in addition to posting this on the CRT thread I will post here because this is new. First is a link from the Canadian Department of Finance from September 16 proposing capping non-resident CRT ownership at 49% starting January 1, 2005 (not 2007). What do people think? Will this kill the market? fin.gc.ca Second, here is how Esprit-the first to convert since this proposal was announced- will deal with the issue. They reserve the right to redeem non-resident shares for cash 'unfettered'. cnw.ca

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