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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 (1792)	11/7/2001 10:35:40 PM
From: Cogito Ergo Sum	Respond to of 11633

Hi Peter, beat up bad lately that people are looking to get out of Yes it's an OK deal for EIT holders. Basically it sounds to me like one is selling PWI and buying EIT with no commission. The transaction still appears to be treated as a regular sale otherwise with all the normal tax consequences / benefits for PWI owners in non registered accounts. So they save commission and end up with EIT or just sell and pay commission but can do what they want with the remaining cash. I guess it depends on the PWI owners situation. I'll keep mine :o) regards Kastel a cute and cuddly Canadian

To: Peter W. Panchyshyn who wrote (1792)	11/7/2001 11:44:49 PM
From: trustmanic	Read Replies (1) \| Respond to of 11633

Peter, I think it is a good strategy for EIT.UN, but rather stupid for those tender their PWI to exchange for EIT. Why should I trade my PWI..say a 4.91 P/E and 35% yield stock for a EIT -only 12% yield and 8 P/E. I get my dividend directly from PWI every month(without a middleman). If I exchange my PWI share for EIT, that means: I have to pay management fee to EIT in order to get my dividend from PWI. If the unit price of PWI drop, EIT drop too. Forget it. George