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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 (4361)	9/24/2002 9:41:23 PM
From: Lorne Larson	Read Replies (1) \| Respond to of 11633

Come on, pay attention. You have insisted in your usual pompous way in numerous posts that an investor must treat a realized gain different than an unrealized gain "because Rev Canada does it that way". Sentry is reporting both their realized AND UNREALIZED gains in their interim financial statements, which is not a tax return. This has NOTHING to do with Rev Canada. They are doing it because to do otherwise would give their unitholders a completely distorted view of the performance of the trust. If they hold an income trust which has lost 60% from its acquisition cost and do not show it as an unrealized loss, they would be in big trouble with the security commission. There is no rational reason why personal balance sheets should be regarded any differently. As I said before many mutual funds mark to market on a DAILY basis, so as not to mislead anyone. You may be the only person on earth that cannot understand this concept.