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


To: David Culver who wrote (128)7/23/1998 11:43:00 AM
From: marc p. aube  Read Replies (1) | Respond to of 11633
 
Manalta Coal trust unit ir's are being bid on by Luscar coal trust fund. Personally I hope this goes through. The initial offer is very low, $2.30 something range. Investors would benefit from this consolodation. Why have two management teams when one could function more economically. Hopefully the bid will be raised to the $3.25 range. This would be a little fairer as Manalta has delivered on their dividend payout as forecast. Luscar, interestingly, is offering to pick up the tab on the $4.00 balance of the receipt payment due in october. Hopefully some other gas and oil trust will follow as the new issues are really hurting the share value through saturation of this type of new equity.

Please any comments dealing with the trust unit market will be welcome.



To: David Culver who wrote (128)9/9/1998 12:11:00 AM
From: JohnL  Read Replies (1) | Respond to of 11633
 
Any idea what is happening with RYL.IR (Royal Host REIT)? It is now about 1/3 the price of a few months ago. I called them about a month ago, and they gave no reason for the drop. They have increased distributions, and claim to be ahead of target. In Oct., the 2nd instalment is due - perhaps that is the cause of the drop. It has suddenly had much higher volume.

It appears to me that this is an excellent Co., with good prospects. But the market certainly disagrees with me. Any thoughts on this one?

Thanks.....John.