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: Scott Mc who wrote (14)	9/29/1997 9:09:00 PM
From: Charles Holewinski	of 39

Scott, I assume you are the same Scott I have been trading E-Mail correspondence with for the past several weeks. As you can see I have found the thread about Canadian Stocks. Now for my question. What is the deal with TRIAX High Yield and this $7 installment due in 1998. Does this mean that if I buy this trust now at say $7.40 per unit that I will have to come up with and additional $7 per unit when the 1998 installment is due? Such a payment would in effect make this a negative income/dividend investment since the $7 installment is far greater that the dividends this trust has paid to date. Also if you could either here or at my E-Mail address give me some fundamental info on Installment Receipts in general, especially when is it good to buy, sell or stay away from them? I assume that all prices for this trust are in Canadian Dollars. Charlie H.

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