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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: Taikun who wrote (7770)10/4/2004 9:32:04 PM
From: Bread Upon The Water  Read Replies (2) of 11633
 
Taikun:

I am thinking of selling my ERF at $33 a share (and its .28 cents a share dividend) and buying twice as many APF shares for about $18.50 per 2 shares. This would give me about a .24 cents monthly distribution per 2 shares.

Then I would take the approximately $15 per ERF share profit and roll that money into Suncor. I would have preserved most of the monthly income distribution (a net loss of .04 cents per two shares per month), and redistributed the profits into something that I feel has a lot more room to run. There are no tax consequenes of this exchange for me as it is in an IRA.

I would be interested to know if you see a downside to this transaction that I have overlooked.

thanks in advance.

Bill
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