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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Peter W. Panchyshyn who wrote (814)	3/25/2001 5:06:25 PM
From: Conky Lives!	Read Replies (1) \| Respond to of 11633

WFF.UN selling its tse trust listing and tax considerations was a nice surprise (the remaining stub popping from 50 cents to 90). I also hold DVA.UN and I see a similar play developing (see 3/20 news release below). Seems like a no lose situation: get 5.15 per share (in 6 weeks) with a remaining stub that can be sold to another company that: wants a trust listing (and, currently there are many that do), and the tax consideration. Is anyone else following dva.un? I'd appreciate your comments. -------------- Drayton Valley Power Announces Unitholder Approval of Sale to Primary Power EDMONTON, AB, March 21 /CNW/ - (DVA.UN - TSE) - Drayton Valley Power Income Fund (the "Fund") announced today that the Unitholders of the Fund passed a special resolution approving the sale of all of the assets of the Fund to Primary Power of Canada Company ("Primary Power") in accordance with the terms of the asset purchase agreement between, among others, the Fund and Primary Power. The purchase price for the assets is approximately $41 million or approximately $5.15 per unit of the Fund. The transaction is anticipated to close by March 30, 2001. The Unitholders of the Fund also passed a special resolution authorizing amendments to be made to the trust indenture of the Fund to facilitate the realization of the value of the tax attributes of the Fund following the sale of all of the Fund's assets to Primary Power.