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

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To: Scott Mc who wrote (114)7/19/1998 10:45:00 AM
From: marc p. aube  Read Replies (1) of 11633
 
I purchased Manalta coal at the IPO $6.00[4.00 more oct.1 98]. This trust has suffered share decline attributed to the asian crisis. But the dividend payout has remained in tact. They are on target to deliver .84 cents vs. original forecast of .88 cents. I also own oil and gas trust where the share decline has also happened. The oil and gas trust have been more impacted at the dividend payout. Here I have lost 25%- 50%. My last purchase was Enervest trust they own a diversified group of trust from all areas. It consist of a mix of reits, oil and gas, and long term income funds [non-resource or commodity based]. There are also other trust similar to the afore-mentioned. There are now a handful of mutual funds that are invested across the broad spectrum of income producing trust. Overall the goal of having a steady cash income for buying opportunities is being achieved from these trust investments. I am in for the long haul 10- 20 years.
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