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

To: Scott Mc who wrote (1494)	9/19/2001 3:34:02 PM
From: Scott Mc	Respond to of 11633

DETAILS ON APF Conference next week.(looks like a free lunch) TORONTO Wednesday, Sept.26, 2001 Ontario Club, Main Dining Room 30 Wellington St. W (Commerce Court 'South') 11:45 am Investor Registration 12:00 pm L uncheon & Presentations 1:15 pm Event Completed

To: Scott Mc who wrote (1494)	9/19/2001 3:48:00 PM
From: Peter W. Panchyshyn	Respond to of 11633

This is very impressive that APF feels comfortable topping up the dist in this time of uncertainty, --------------- I think in terms of the pricing received your looking at a time delay of probably a couple of weeks or a little more. The events of the current week and the past week, really are not being fully factored into distributions at this time. If one just for a moment diregards the events of the tragedy. The topping up of the distribution should indicate that the pricing situation as foretold by the doomsayers months ago was indeed not the case. For quite simply if it were there would be no top up. That being said the next distribution announcement ( after mid Oct for the distribution on Nov 15) may show the more direct results of the tragedy and its econmic impact. With or as a result of airline cutbacks and general travel cutbacks by the average joe. Now if there is a military deployment that could give the much needed boost to demand. Acting as a counter to the slowing consumer demand. As I alluded to in my posting to George. The military complex is far from energy efficient. We will have to wait and see. I just noticed a few news releases from OPEC members saying that they are committed to maintaining their present price target range. They see no need to open the taps just yet. Though they will monitor the situation. That is a hopeful sign. I wonder if anyone has the details as to where and when the conf is in Toronto next week? ------------ I keep my eyes open for the details. It will probably be released fairly soon.

To: Scott Mc who wrote (1494)	9/19/2001 4:30:06 PM
From: Lorne Larson	Read Replies (1) \| Respond to of 11633

Scott: I own APF and have always thought it one of the more under-rated trusts. The institutions seem to ignore it because of its small capitalization, which is fine with me. However the only thing holding APF up right now, as with SHN, is the nice dividend, with X-dividend date being next week. Anyone who doesn't own it already can buy now and pocket the .25 dividend, or wait until the X-dividend date and buy it for .50-.75 less than it's trading now, in my opinion. AGA numbers out tomorrow. Should be interesting.

To: Scott Mc who wrote (1494)	9/19/2001 5:03:17 PM
From: Peter W. Panchyshyn	Read Replies (1) \| Respond to of 11633

However the only thing holding APF up right now, as with SHN, is the nice dividend, ---------- The whole long drawn out feud with the pricing issue was that the income was infact suppose to collapse because of selling of gas at huge losses. Trading in the trusts units were suppose to have shown nose diving days or weeks prior to the tragedy happening because of those losses. That just did not materialize. The only thing that was to cause the collapse (now) was the trade center tragedy and the economic impact from that. Though I expect that, like with all else, uncertainty, panic and or fear is guiding the fall now. Once the real impact is known. The unit prices will either recover or stay low or yes even go lower. Just too early to tell. But then this is all a mute point if one is in for the much longer term. with X-dividend date being next week. Anyone who doesn't own it already can buy now and pocket the .25 dividend, or wait until the X-dividend date and buy it for .50-.75 less than it's trading now, -------------------- Of course this implies that the selloff will continue. It may or then again it may not. If not then you may have missed a good buying opportunity and some income. Lost opportunities are lost they cannot be gotten back.