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

To: Follies who wrote (8557)	1/14/2005 12:37:26 PM
From: Taikun	Read Replies (1) \| Respond to of 11633

Dale, I cannot answer the details on this except to say that I know some securities are not registered for sale in the US and also that the options trading on the MOE (Montreal) are only for sale to Canadian investors. I think we American investors need to take a step back, though. These trusts were originally created for the primary benefit of Canadians. One should be aware of that when investing. As a corollary, I think it is great that so far most do not have restricted units for foreigners that trade in the US only. CVL.UN is only for Canadians, ditto PGFa.TO. Perhaps as an American investor, what we should be asking is "Where is the US equivalent of a CRT?" and "Why are MPL yields generally so pitiful" and the most important question of all, if we are privatizing Social Security why aren't we concurrently making available a CRT-style product in the US?" Maybe the call you should be making should be to your elected representative? D

To: Follies who wrote (8557)	1/14/2005 12:44:38 PM
From: LTBH	Respond to of 11633

Dale I have owned EIT for bout three years and have had couple occasions to call ... you are not alone .. they are quite anti american both vocally and as to various policies .. like not declaring ROC for non residents while residents get 60% (or discussing such if you ask, lol). I came away from both my converations with EIT (was a woman took my calls also) as somehow feeling very unclean .. have never heard anyone be so nasty in so few regular words. Due to the coming WH on tax deferred and tax exempt accounts, I sold my wifes/my Roth holdings in Dec and will sell taxable holdings as soon as the RO dip clears. More to your question, you should receive the rights and be able to sell them but must be sold on TSX if it is like past. However, you will not be able to exercise them to buy more units. Last year IIRC, they sold for .08 to .10 a piece. A snippet from a recent release: "are expected to commence trading on the TSX on Jan. 19, 2005, under the symbol EIT.RT.A. The rights may be sold on the TSX up to 12 noon (Eastern Standard Time) on Feb. 14, 2005." Unfortunately there are a small number of Cdn trusts that for whatever reason are noticeably and vocally anti US. In my experience this has been one. Wish you luck and better experiences in the future LTBH

To: Follies who wrote (8557)	1/14/2005 1:24:12 PM
From: russet	Read Replies (1) \| Respond to of 11633

EIT.un,... This has nothing to do with discrimination, and everything to do with money. The cost to register securities for sale in the U.S., and the time and money needed to jump through all your regulatory hoops is not worth it to the company. They would lose money. If you like our income trusts so much, and their juicy dividends, you could move up here,...or lobby your government to stop discriminating against their citizens by enacting the tax legislation to allow such tax efficient products to be sold directly to U.S. people. Has far as the woman's belligerent response,...imagine what you might do if you were trying to get your work done but the phone kept ringing all day with people telling you this and that is discriminatory and there is nothing you can do about it but listen and have your work pile up around you. Some people don't react well to such things. Don't worry, Canadians still luv you :-)