Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Cogito Ergo Sum who wrote (7745)	10/1/2004 2:42:02 PM
From: Tommaso	Respond to of 11633

I have just been studying the change in Canadian law that denies mutual fund status to any trust with more than 49% non-resident ownership. It's not easy reading--at least not for me. The change is especially troublesome, I would imagine, for PTF, ERF, PWI and any others already listed in the Unietd States. Even after acquiring Ultima, PTF seems to be still 58% nonresident-owned. If it comes to forcing sales by nonresidents, the only thing I have seen so far is that the most recent would be the firsat forced out. Now I worry that the conversion of my holding of PTF to a street name instead of my own name resets its ownership calendar.