Triax Diversified High Yield Trust Units Message Board

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Gold/Mining/Energy : Triax Diversified High Yield Trust Units

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To: kingfisher who wrote (11)	9/2/1997 2:50:00 PM
From: Scott Mc	of 39

RB, THks for the quick response, 1. Re the $7 fee, I was wondering if there was still some underwriter fee to come out of it, E.G usually the underwriter takes 5% or so of the initial offering price for a new share issue. If original offer was 8, did they take 0.40 or 0.75 cents(5% of 8+7), if they took .40 will another 0.35 come out of the $7 payment... Also, while they hold the Algoma bond I don't think they could have obtained it at par, so it wouldn't be yielding 12.38%... Anyway, I'm not interested in buying it now, I would look at it prior to when the next installment is due and see if I can buy it cheap as a short term hold. Scott

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