Conversion Better Strategy for Some Than Others Income Trusts: Worthy?
Winnipeg Free Press › November 17, 2009
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Summary
"We have done lots of research, investigation, analysis, due diligence, number-crunching, and primarily because of our size and costs associated with conversion, we deemed it is not advantageous for us to convert at this time," said Brock Bulbuck, Boyd's president and chief operating officer.
"It's not a regulatory requirement," Bulbuck said. "You can stay a trust.""With the increasing number of trusts shifting to corporations there will be a lot less of them," he said. "What that can result in is an orphaning of trusts on the TSX and a lack of interest from investors in an antiquated business model."See the full content of this document
Extract
Conversion Better Strategy for Some Than Others Income Trusts: Worthy?
Companies switch to shares before tax law changes
The clock is ticking on the peaceful world of Canadian income trusts and the recent round of earnings reports from the Winnipeg contingent shows there is likely life after the tax shield.The unique tax tr...See the full content of this document
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