Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 T.EIT.PR.A

RE: Why no distribution increase?

[felix10]

I don't see why they would have to be able to maintain a higher distribution before paying a special year end bonus distribution. My understanding is that their tax structure requires them to pay out their cash in order to remain non-taxable. I think if they have received increased distributions (which seems likely in light of how all the Royalty trusts have done in the last year,) they are obligated to pass it on to unit holders. JMHO.