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

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To: Marcman who wrote (13)9/2/1997 3:42:00 PM
From: Scott Mc   of 39
 
Marcman, I think they are related to Altamira, you could try their site or calling them. Personally I'd like to see the prospectus before I would buy this as I think bond funds are overpriced in general. This one might be OK, but I'd want to see how the payment will be handled next year (accounting wise)and be aware of the amortization of the inital underwriters fee. I will look at playing this one as a short term buy next year, before the $7 payment is due, people will probably dump it rather than come up with $7. Time will tell..
Scott
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