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

To: mariner who wrote (3854)	7/30/2002 3:32:24 PM
From: Scott Mc	Respond to of 11633

The DB's that Graham is referring to are exchange traded, the commissions are about the same as the stocks, the real advantage with the exchange traded ones is you can use limit orders, not paying the spread which is quite significant in most cases. I hold a number of exchange traded convertibles, eg Kinross,Leroux, MDC and Sterling...I used to do more with these converts when I was doing more hedging by shorting the common, Scott

To: mariner who wrote (3854)	7/31/2002 9:59:44 AM
From: Goldberry	Read Replies (1) \| Respond to of 11633

The word "reduces" would be more appropriate. In as much as most convertible REIT db's mature in about 5 yrs or less and enjoy preferred status vs the trust units then should real estate values take a hit the % change in market value in a downturn will be much less for the db than the trust units and will lessen more the closer they get to maturity. On the cost front I believe with TDW it is $40.00 plus $1.50 per $1000 of MV (up to $50000) so on a $25,000 purchase the fee would be $77.50 quite reasonable IMO.