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

To: TobagoJack who wrote (7733)	10/1/2004 4:32:06 PM
From: Taikun	Read Replies (1) \| Respond to of 11633

PEY (and ZAR) claim to be 'sustainable' trusts. With low payouts (50% +/-) they can replace production and reserves from cashflow. Some investors prefer that model. Other trusts have payouts in the 70-90% range-enough for perhaps exploration on existing property but not enough to buy the next sale of assets from Devon or Encana without issuing additional units and diluting present holders. I'm not goingto use the 'P' word but you know what I mean. Just an observation. By the way, since I missed out on PEY I do own ZAR.