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

To: David Alon who wrote (1681)10/24/2001 9:47:18 AM
From: Goldberry  Read Replies (1) | Respond to of 11633
 
Can you elaborate more on where you derived this info?

Are you suggesting that they have some $66 Million in floating rate debt or mortgages that can be refinanced without penalty to achieve that kind of savings?



To: David Alon who wrote (1681)10/24/2001 3:50:48 PM
From: Peter W. Panchyshyn  Read Replies (1) | Respond to of 11633
 
Summit Reit saves 500,000 per year from this cut.
Today it was up to 13.50 giving now a yield of 11.60%.

----------------- I suspect that a good many of the trusts (and not just the REITS) will enjoy savings as well. To a more or lesser degree. That savings will then work its way through to the unitholders. Thanks for the info.


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