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

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To: Seeker of Truth who wrote (7734)	10/1/2004 4:34:04 PM
From: Taikun	Read Replies (1) of 11633

Malcolm, As you know, you can buy exchangeable shares in many trusts that capture the dividend in the value of the stock and trigger a capital gain on sale if the holder prefers that to the steady stream of dividends and their taxation. One difficulty with the non-trust regular stocks (STO, CNG) is that timing becomes so much more important. For example: buy CNQ 12 Jun 03 for $20.46/shr Sell 11 Aug 04 for $30.76 or 28 Sept 04 for $39.80 You've held for 13 months, but a difference of 6 weeks at the end makes a 40% difference in return. On a lesser stock, you'd be decimated with that -40% 50.3% vs 94.5%, and most investors pay fund managers to do this-with varying rates of success. Or, they buy trusts. David

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