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

To: Labrador who wrote (58)	3/17/1998 8:19:00 PM
From: Jim Naysmith	Read Replies (1) \| Respond to of 11633

Any idea's on alb.ir seems not badly priced even with the $4.00 due the end of this month. PGF.IR also has dived since issue and is not a bad oil play near bottom. Cheers

To: Labrador who wrote (58)	3/21/1998 12:56:00 PM
From: Labrador	Read Replies (1) \| Respond to of 11633

Avista (AVS.IR -TO) Avista REIT went public July 1997 at the first installment of $C 6, with the second installment of $C 4 due in July 1998. The dividends, distributed monthly, are projected to be about 60 cents in the first year (they are on target). The stock currently trades at $C 5.75. The trust initially acquired 22 properties in Ontario, Alberta and Nova Scotia, comprising 81 buildings. Approx. 1/2 were Industrial, 1/3 Retail, and the balance Office Properties. I believe the properties were sold by The Canadian Life Assurance Company, and the REIT is managed by its subsidiary, Adason, a real estate management company. Any thoughts on this company is much appreciated !!