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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 (3427)	6/13/2002 11:02:04 AM
From: Scott Mc	Read Replies (1) \| Respond to of 11633

I guess it comes down to if one wants to believe the evidence or a blanket statement (trusts of trusts have an extra level of management that one need not pay for) made by someone who does not look to the entire facts. To see what is really happening. Peter, The bottom line is that 1. There are additional management fees paid, and 2. A rights issue is dilutive and there is a cost to issuing them. These are both real costs that come out of your distributions. If you feel that fund management covers their costs and/or the reduced risk offered by a larger # of holdings are justified thats fine. Or it may be worth owning just to be sent their quarterly reports, no problem. Just remember they are real costs above and beyond owning the underlying trusts. Scott