SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Kitskid who wrote (232)6/9/1999 7:04:00 PM
From: WINDSURFER50  Read Replies (2) | Respond to of 11633
 
Well, I own 500 HOT.UN but they aren't getting mine. I'd rather hold them forever for the distributions.

Also, I've heard a lot about RYL's mailout of an offer to CHIP unit-holders, but haven't seen any paper yet. It's June 9th and that wouldn't leave me much time to think about it before expiry.

See today's Globe & Mail, p. 11, where CHIP's Kevin Grayston says he doesn't think there's a very good fit between the 2 REIT's, owing to their different focus. CHIP - higher-end business... RYL... Motel 8.

Now, if RYL offered about $11/unit (which would be 1.4 vs their 1.19, I might jump.

I also own 1200 LGY.UN, so really, all I need is a few hundred RYL and I'd be sitting 'hotel pretty.' Come on, Americans. Stay in Canada. "Any hotel will do."



To: Kitskid who wrote (232)6/11/1999 4:11:00 PM
From: John Richer  Respond to of 11633
 
The quality of these two reits is not the same. The offer for CHIP will have to be improved by a great deal before I will tender.

If CHIP is taken over, I'm a seller.