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Gold/Mining/Energy : Triax Diversified High Yield Trust Units
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To: kingfisher who wrote ()9/2/1997 1:21:00 PM
From: kingfisher   of 39
 
Triax Diversified High-Yield Trust -

Best performing Canadian bond fund

Triax Diversified High-Yield Trust TRH.IRShares issued 147000001997-08-29 close $7.6Tuesday Sep 2 1997Mr Mark Diamond reports Triax Diversified High-Yield Trust was the best performing Canadian bond fund over the past week, according to the Financial Post Weekly Performance Review (Aug. 30 - Sept. 1). The NAV per instalment receipt of the Trust increased from $7.67 on August 22 to $8.54 on August 29 (an increase of $0.87 or 11.4% per instalment receipt). This change in NAV comes as a result of a change in accounting policy relating to agents' fees and issue expenses incurred in connection with the initial public offering of Trust units. Under the new policy, these expenses will be deferred and amortized over the term of the Trust. Previously, these expenses had been charged directly to equity. With the instalment receipts of the Trust trading at $7.60 (August 29), the Trust's estimated effective annualized yield is approximately 11.42%, representing significant value for investors looking for a professionally managed high-yielding product. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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