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 (18)	9/29/1997 8:52:00 PM
From: Charles Holewinski	of 39

Hi R.Barbe, Someone sent me your message and I am trying to understand what is an Installment Receipt and what does it mean to the investors in TRIAX Diversified High-Yield Trust. This trust was initilly issued at $8 (Canadian?) and has dropped to a low of $6.50 and is now selling for $7.40 or there abouts. What I don't understand is what is meant by "The trust's net asset value per installment receipt,.......,has increased from the $8.00 issue price to $9.09 as at Sept 23 1997." Does this mean that those who have bought this trust will have to pay additional funds to this trust? If I buy this trust now at $7.40 will I have to pay another installment of $1.69 which is the difference between $7.40 and $9.09. Also I take it that all of these prices are in Canadian dollars. Charles H.

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