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

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To: kingfisher who wrote (85)4/14/1998 11:26:00 PM
From: WINDSURFER50  Read Replies (1) of 11633
 
You know, I just came across Westcastle tonight when I was going down the Globe stock tables looking at distribution vs. current Unit Price.

It stuck out at $1.10 against an April 13th Unit Price of only $5.50 for a full 20% yield.

When someone is looking at buying into one of the Trusts, the key is (for me at least) low-to-reasonable price $5.00 - $8.00 (to make it easy to buy 1000 shares and maximize that $29 trade fee), a good yield of at least 15%, and a knowledge about their reserves so you're not buying a dog.

So, tell us more about Westcastle. You said it was throwing off .20 cents per quarter but at $1.10 it must have paid a year-end top-up. Correct?
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