Precious Metals and Mining Trust T.MMP.UN

RE:RE:Headed for spectacular gains!

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I beg to differ, Tad.  The calculation for determining the distribution is not based on what the paper losses are for the stocks that are held in the trust.  As it is clearly written in the Annual Information Form,  The Trust will annually determine and announce each July an indicative distribution amount for the following 12 months based upon prevailing market conditions and the Manager’s estimate of distributable cash flow for the year.   The distribution has dropped over the years from ten cents to the piddly one cent presently paid out.  The distribution was lowered each time in the month of July of any given year after management’s observance of prevailing market conditions (which were awful).  The past years justified the constant drop in distribution just as the distribution increase will be justified this coming July.  Because of past poor gold and silver share prices the MMP.UN distribution dropped ONE THOUSAND PERCENT.  Paper losses from stocks bought ten years ago will not prevent distributions from moving up a measly 100 percent this summer.  And it won’t be “sometime this year,” it will be this July, precicley.

No luck needed for this investment but GLTA, regardless.