This thread has died... however, I haven't. Here's a question about the Templeton Emerging Markets Unit Trust - TEM.UN, trading on the TSE.
From a bulletin issued about a year ago, they stated:
TORONTO, Dec. 4/97 /CNW/ - Templeton Emerging Markets Appreciation Fund, a closed-end investment trust managed by Templeton Management Limited, announced that it will be paying its annual distributions of income and realized capital gains, estimated to be $0.50 and $1.31 per unit respectively (representing an aggregate distribution of $1.81 per unit), on or before February 13, 1998 to unitholders of record as at the close of business on December 31, 1997
Now, my question: is there something peculiar about the Templeton Trust by which they only pay once per year?
Also, Is a person wise to buy into the trust in November of the year to get the distribution or wait until January 2nd of the next year?
Will the next distribution amount (to be distributed in 1999 from 1998 earnings, assuming any exist) be close to what was distributed in 1998?
Why does this particular trust offer a reinvestment plan by which units are purchased in lieu of dividend, while others don't?
Also, this trust seems to distribute as capital gains + income, but is this policy different from other trusts (e.g. HOT.UN) which distribute as dividends, etc.
Many questions, so few answers. That particular trust has been up a couple of dollars since the July-August low. Had I only known that fact and if I only had an extra $6000 free, a buy woulda been a good idea. Hindsight in the stock market can be an ego-deflating thing!
Come on folks, let's post a few messages:
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Pembina Pipelines since it went full-unitized.
The rebound in Legacy REIT from its dramatic low of less than $2.00 (instalment receipt) and what will happen when it unitizes.
Optus' digestion of Westcastle. Did anybody buy Westcastle when it dropped below $4.00?
The 2 apartment REIT's - CAR.UN and REE.IR and where they're going in the next year.
Etc. |
