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

To: David Alon who wrote (1915)	11/13/2001 7:51:54 PM
From: Peter W. Panchyshyn	Read Replies (1) \| Respond to of 11633

Further to my post of banks and credit. And the revolving credit of some of these trusts. I took a quick look through what you presented. I found they have a revolving credit of some $120,000,000. A further look to the mortgages payable shows rates in excess of 12%. This got me wondering. Would it be advantageous to the trusts with these rates to do some refinancing of say their entire interest rate exposure. I know I have heard talk of individuals paying the penalties for breaking their mortgages and with the much lower rates saving some real cash. Could the REITS do the same???????