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

To: Labrador who wrote (79)	4/10/1998 12:50:00 PM
From: Scott Mc	Respond to of 11633

Bob, the money raised is used to pay commissions to the sales people who sell rear load mutual funds for 5 mutual Fund companies. The mutual fund then pays the 0.06% a yr back to the trust. It's very hard to calculate total return because it depends on 1.Fund Redemptions, 2 Fund performance and so on. I bought it because I believe at 7.50 it may trade back up to 12 in a fairly short term(3-9 months) and/or the return looks pretty attractive in that they seem to be ahead of projections in the prospectus. Time will tell... Scott I like closed end funds at big discount and I am exploring Installment receipts because I think there may be a low risk way of making 10% or so around the time the second installment comes due.