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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (12709)	10/28/1999 9:51:00 AM
From: Link Lady	Read Replies (1) \| Respond to of 150070

Hi Jim Could you tell me what the 10.5% cash on cash yield means for the shareholder. newswire.ca Nexfor Inc. announced today it has filed a final prospectus with securities commissions in Canada for the sale of $142 million worth of units in a newly-created income trust - Great Lake Hydro Income Fund. The units represent 64% of the total units outstanding in the Fund. Nexfor will retain the remaining 36% interest in the Fund. The Fund will own and operate all of Nexfor's hydroelectric generating and transmission facilities in Quebec. The units will be priced at $10.00 to provide a 10.5% cash-on-cash yield to investors. The offering is expected to close on November 18, 1999