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Pengrowth Energy Trust (TSX: PGF.UN) will be making the conversion to a corporate structure effective January 1, 2011.
Pengrowth will trade under the symbol “PGF” on the TSX and under the name “Pengrowth Corporation.” On the NYSE, Pengrowth will likely trade under the ticker “PGH.”
Should You Sell Your Trusts Before 2011?
Pengrowth New Monthly Dividends
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From the trust’s [...]
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The CML Healthcare Income Fund (TSX: CLC.UN) will be converting to a corporate structure on January 1, 2011. The Fund’s income trust structure will be reorganized into a corporation called “CML HealthCare Inc,” and unitholders will automatically become shareholders of this new structure.
According to the information circular sent out to investors in November, “the proposed conversion [...]
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Most income trusts held meetings for unitholders to vote on proposals to convert from a Fund structure into a corporate structure some time around the beginning of December, 2010 (at least, those income trusts who had not already done so – see this list of some of the popular trusts that waited before converting).
Cineplex Galaxy [...]
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As of January 1, 2011, Bell Aliant Regional Communication Income Fund Unites (TSX: BA.UN) will complete the conversion from an income trust structure to a corporate structure.
Changes to Canadian taxation rules that come into effect on January 1st entail that Canadian income trusts will now be subject to taxation just as if they were corporations. [...]
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Yellow Pages Income Trust (TSX: YLO.UN) converted to a corporation on Monday, November 1, 2010. It now trades on the TSX under the name Yellow Media Inc. with the ticker (TSX: YLO).
What Happens to the Rest of Your Income Trusts Before 2011
In their Q3 news release, Yellow Media Inc. announced that distributions would be $0.35/year, [...]
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According to Michael Dechter, Canadians should look at their income trusts in terms of the business they operate to decide whether they will still be good investments following the 2011 conversion to corporations.
Dechter says that the investment will continue to be good whether or not the company decides to convert so long as the underlying [...]
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Canadian business income trusts won’t all turn into pumpkins at the strike of midnight on December 31, 2010. In most cases, you will be aware of what will be happening long before that.
I’m not a taxation expert, but I’ll cover a few of the scenarios I know about here. Consider these points before you think [...]
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