Summary
The plan calls for the resulting EIG Corp. to continue to pay the same $1.56 per share annually that it had been paying EIIF unitholders, but now it will be in the form of a dividend.
Aleem Israel, an analyst with Cormark Securities, said the strategy that both EIIF and Ag Growth were taking were favoured by the market."The horizon of people prepared to participate in equity offerings of units was ever shrinking," he said. "The number of institutions that would own trusts was shrinking."See the full content of this document
Extract
Eiif to Make Move From Income Fund to Corporation
EXCHANGE Industrial Income Fund (EIIF) is looking to become the second Winnipeg income fund to convert to a share corporation using tax advantages from an ina...
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