To: marcos who wrote (13 ) 8/2/2002 11:45:42 AM From: russet Respond to Decided a few months ago to strip down to freebies and swim trunks and go away to the beach. Since then I lurk the income trusts looking for one that gets beaten down for whatever reasons and pick up a few until they recover. They pay 10-20% per year in monthly distributions as I wait, a hard deal to ignore. Some have had good gains from lows acquired due to bought share or convertible deals, institution exits or mergers. SHN.un is an extreme example as on July 24th in about half an hour courtesy on an institutional dump it went from $13 to $10 and then recovered and popped up to $14. It gives a 15% distribution per year. The latest is AE.un which just announced a merger with Ketch Energy and hinted they would do a share offer shortly. It promptly dropped near 20% to give a 17% distribution even though the merger is accumulative so the distribution should increase. Many are buying Ketch because it will yield 1.15 AE.un and an exploreco. Me, I'm content to average in on AE.un and collect the dividend until the merger goes through in October.
