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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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From: Condor	10/13/2010 10:57:18 AM
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From: E_K_S 10/13/2010 10:11:02 AM of 6084 I recently started a position in this Canadian company. They pay monthly distributions in $CAD which yields around 12%. consumerswaterheaters.com Consumers' Waterheater Income Fund (The) CSUWF otcmarkets.com The Consumers’ Waterheater Income Fund owns a portfolio of 1.3 million installed water heaters and other assets, rented primarily to residential customers in Ontario They recently competed the acquisition of ENBRIDGE ELECTRIC CONNECTIONS INC. (EECI)and will market & operate it's "smart" meter multi-family systems. The company has been paying it's dividend since it's inception in 2002. Their "smart" meter division has potential for growth if integrated with smart appliances manufactures using the same business model now developed for gas water heaters w/ Enbridge Electric Corp. The company basically makes their revenue buying natural gas at a discount and re-selling it to their rental customer base. The company announced their conversion to a corporate structure in 2011 and have stated that they plan to maintain their current dividend payout. The Consumers’ Waterheater Income Fund Announces Planned Conversion to a Corporation and Intention to Change its Name to EnerCare Inc. Level of Distribution to be Maintained Net Tax Benefit for Eligible Investors consumerswaterheaters.com =================================================================== This may not be suitable for a tax deferred account as there is a Canadian foreign tax withheld under the current Trust structure. There may be a special agreement with US investors upon conversion to a corporation where the foreign tax withholding may be waived under the special foreign (Canadian) Treaty provision for taxing IRA dividends. No specific announcement on this has been made but it is worth monitoring. Since the dividends are paid in Canadian $'s and converted to $US, you also obtain a small currency hedge in your portfolio against the further debasing of the $US. EKS

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