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

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To: Taikun who wrote (8556)	1/14/2005 12:28:51 PM
From: Follies	Read Replies (3) of 11633

I just had a very nasty call with EnerVest EIT.UN, who announced a "Rights Offering". My understanding is they are basically offering shares to existing shareholders at about at %20 reduction from the current market price. I was told because I was not a Canadian Citizen I could not participate in the rights offering. I was told by a beligerent woman that it would be illegal for them to offer me these "rights". I said that was discriminatory, she reponded that only .01% of their holders are not Canadian. I said it was still discriminatory and she got nasty. Since I bought the shares through Schwab, if there some unit of schwab that can particpate in the offering on behalf of me? Can any one explain this?

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