Saturday, January 20, 2007

Mid-January update

After the October announcement of taxation on Income Trusts, there has been some severe fallout. Some trusts have ceased distributions while others have suspended their DRIPs. I am sure there will more changes to come in future.

As such, we are adding three new plans and disposing of another six. I have also modified one plan that has removed their Optional Cash Purchase plan. Please see the list below for full details.

I have added the following new plans:
1. Faircourt Split Seven Trust
2. Focus Energy Trust
3. Lanesborough REIT

I have deleted the following plans:
1. Alexis Nihon REIT – merged with Cominar REIT to form Cominar Nihon REIT
2. Canadian Oil Sands – DRIP suspended
3. O & Y REIT – merged into Brookfield Asset Management Inc.
4. Precision Drilling – DRIP suspended
5. Retirement Residences REIT – taken private
6. True Energy Trust – DRIP suspended

I have also updated the following plans:
1. Alcan Aluminium Incorporated – Share Purchase Plan suspended

That's it for now. As always, if you see any discrepancies please post a comment.

Happing DRIPping,
Ken


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16 comments:

  1. AnonymousSaturday, January 20, 2007 10:45:00 p.m.

    FYI MDS has dropped spp and Drip

    ReplyDelete
  2. DomMonday, January 22, 2007 11:33:00 p.m.

    Hi,

    I don't know how else I should contact you but to post here. I'm a undergrad student from Ottawa U. I've some financial questions regarding no-load stock I'd like to know more about. I'm just hoping that you can give me some advice/answers. And I do want to keep this private. Here is my email hyeun023@uottawa.ca If you don't mind, can you just send me a message so that I can ask you those in private?
    Thanks

    ReplyDelete
  3. AnonymousMonday, February 19, 2007 10:54:00 a.m.

    Westfield REIT has now changed it's name to Artis Reit. DRIP still intact.

    ReplyDelete
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    ReplyDelete
  5. AnonymousThursday, August 02, 2007 3:43:00 p.m.

    Good afternoon, Is there a way for a U.S. citizen to invest utilizing the optional cash purchase features of the Canadian Trusts? I'd love to know if this is possible? Thank you, U.S.Citizen

    ReplyDelete
  6. Ken CenerelliSunday, August 05, 2007 8:32:00 a.m.

    U.S.Citizen,

    It is dependent upon each security and the rules they have in place as to whether U.S. citizens can contribute through OCPs. It's in your best interest to check the security your interested in to see what is available to you.

    Ken

    ReplyDelete
  7. AndyThursday, October 04, 2007 11:33:00 a.m.

    Hi,

    Can you tell me if dividends from a Canadian income trust receive favourable dividend treatment compared to dividends from a corporation? I tried to look it up on the CCRA website but there are too many bulletins to read.

    I would like to start investing and have decided that DRIPping is the way to go.

    Thanks.

    ReplyDelete
  8. AnonymousMonday, October 08, 2007 10:50:00 a.m.

    ANDY: In short, yes. Read more here:

    http://taxtips.ca/divtaxcredits.htm

    ReplyDelete
  9. brewFriday, November 02, 2007 5:08:00 p.m.

    Contrans has suspended their drip

    ReplyDelete
  10. AnonymousWednesday, November 07, 2007 5:26:00 p.m.

    hi ken-a new one:
    BUILDERS ENERGY SERVICES (BET.UN)

    ReplyDelete
  11. AnonymousSunday, November 11, 2007 2:40:00 p.m.

    Credit Cards and other money issues here have been very informative.
    Thanks.

    ReplyDelete
  12. JoeTuesday, November 27, 2007 12:17:00 a.m.

    Hi I'm new to dripping and was given a list of stocks to buy and would like a second opinion.

    ps what is the discount rate mean?

    ReplyDelete
  13. JoeTuesday, November 27, 2007 12:19:00 a.m.

    Here is the list

    Scotiabank
    Enbridge
    Imperial Oil
    Fortis
    Riocan REIT

    ReplyDelete
  14. AnonymousTuesday, January 15, 2008 10:12:00 p.m.

    Endbridge: Receive a two per cent discount on the purchase of common shares with reinvested dividends
    http://www.enbridge.com/investor/stockInformation/dividends/reinvestment.php

    ReplyDelete
  15. AnonymousFriday, January 18, 2008 12:26:00 a.m.

    ken,

    how come your drips list is mostly in the form of income trust? Does that mean a lot of stocks don't offer drips and I have a few other questions to ask you too. Please reply me at trapgunner@hotmail.com

    Thanks a lot

    ReplyDelete
  16. brewFriday, January 18, 2008 8:13:00 a.m.

    Contrans has reinstated their DRIP

    ReplyDelete