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

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To: David Culver who wrote (158)	1/14/1999 5:44:00 PM
From: Mayer Tchelebon	Read Replies (1) of 11633

Does anyone have insight on Royal Host (RYL.UN)? they own the same class of hotels as HOT.UN but, in addition, they own the hotel management company as well (i.e. internally managed, just like many REITs), which saves on management fees and also allows for additional returns from managing someone else's properties. Expected 1999 distribution is $1.20/unit, trading at $6.75 for a 17%+ cash yield. Just before Christmas they've announced an increase in the monthly distribution from 8.5 to 10 cents/month effective February/99, however the stock hardly budged.

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