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

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To: David Culver who wrote (8)	11/20/1997 11:31:00 PM
From: WINDSURFER50	Read Replies (1) of 11633

More than a week and no comment on this IPO. It started to move a bit today, up to $6.15. Well, I bought in for over 1000 units, so I definitely have no ulterior motive in posting the following info. I read Canada Newswire every day and last week, a firm called Burgundy Management criticized Canadian REIT's, and specifically the Legacy REIT. The headline on their press release said: 'INCOME TRUSTS SELL THE DOWNSIDE BECAUSE MANAGEMENT NOT ACCOUNTABLE. Unitholders powerless with virtually no influence on management decisions.'' Because of copyright, I don't feel comfortable posting the whole release here, but I'd be happy to send it individually to you. Basically, it says that we're holding the bag while CP management is laughing up their sleeve. What are your thoughts on this revelation? Did anyone see the red flags in the prospectus?

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