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To: Tommaso who wrote (144841)	1/19/2002 4:47:31 PM
From: Joan Osland Graffius	Respond to of 436258

Tommaso, I own the TLM preferred A. The TLM.pa trades on the NYSE. You would have to contact your brokerage house to find out what symbol they use. Merrill uses 2 symbols one for purchase and one for getting the real time quote. They use TLMPRA for purchase and TLM.a for getting the real time quotes. You can find it under TLM_pa at yahoo. They sure make it difficult to buy these things. <ggg> I recall looking at the Preferred B and I believe the dividend is lower. I did not look into the conversion rate since I was looking for income instruments. I don't think this debt instrument would appreciate because of energy getting scarce, but would expect it to appreciate with lower interest rates. With the 30 year treasury at around 5.5% and this instrument at 9% the risk reward seems fair to me. Would not put all my eggs in this basket but a little to increase ones income seems ok. Maybe someone on this thread could tell us why the risk reward is not there. If one wants to buy it at par, during the dividend payout it generally trades at par. I will be adding to my position if it trades below par since my first purchase was at par. Using MB.s game. It is callable and buying it at par could be important for some folks since you could only get your $25 back in some cases. TLM has a good company site on the internet and did my DD using their resources. BTW, this debt instrument is not caught up in the Canadian mess of holding back taxes and sending them to the US IRS. They just shovel the dividend directly into your account and you can worry about the taxes. Take care, Joan