First Asset Yield Opportunity Trust T.FAY.RT

My two cents

[Hockeynut2]

The original plan as I understand it, was to end the fund after ten years. The original unit price was 25 dollars and they intended to return the 25 dollars plus capital gains plus the dividends. Obviously, world events got in the way and they won't be returning 25 bucks. RBC currently lists the NAV at $13.60 and the last time I checked, the fund manager listed the NAV at $13.35. Tomorrow I will e-mail IR and ask what the plan is going forward. I don't currently own any units but my daughter does. Depending on the unit price vs. the nav price, there might be an arb. play if the fund is terminated.   GLTA

[ghayes]

Looks like you get this great dividend for a further year..... TORONTO, ONTARIO--(Marketwired - Dec. 20, 2013) - NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. First Asset Yield Opportunity Trust (TSX:FAY.UN)(TSX:FAY.U) (the "Fund") announces that it has extended the term of its forward agreements to December 17, 2014. The

[LuckyInvestor]

What happens to the fund after Dec.  17, 2014 when the Forward Agreeements expire?  Does anyone know?  Would they hold an Unitholder Meeting closer towards Dec this year to see if we want to extend the fund like some of the other funds did?  It would be a shame to let such a good fund go.     

[Hockeynut2]

It looks like they want to change things up a bit. I wonder what the new yield will be? GLTA

[LuckyInvestor]

Yeah looks like they are going to invest more in bonds and debentures for income now that the tax shelters for dividends are gone. @And since investing in fixed-income is relatively lower maintenance and also the merging into another bigginer fund so the voluntary reduction in management and fund fee (which I had no idea it was so much). @Considering that they didn@t mention any payout information