RE: aboutoil:You mention that on July 20, IOT's income will no longer be able to be deducted by the Trust. You are referring to 2012, are you not?
The other post-script involves the sensationalism that I just spoke about on my previous posting. Please, enough with the terms "massacre" etc. I guarantee you that not one single insider of Innvest sells their units and as far as the payout goes. If, and only if Innvest cannot appeal this or restructure in another way, and they revert to a corporate structure, I see a total loss in distributable dividend income of about .33% or .013761cents/share which leaves a total payout of about .028cents/share, possibly .03cents. The dividend tax credit is a curse nothing more. The credit's actual value is highly dependent on each and every one's "individual situation". For me, it has ALWAYS cost me more money in tax because of the imaginary "grossing up" of your eligible dividends from Canadian sources. For example, an eligible 8,000$ taxable dividend will be grossed up fully to about just over 12,000$ in imaginary income. At least in my case, the dividend tax credit NEVER offsets the imaginary portion of the income or the 4,000$+ in grossed up income. It all depends on your individual tax situation.
However, as mentioned on the Board, the corporate structure may allow Innvest to grow faster and there is the possibility of dividend increases as well.
Let's just wait and see if saner heads prevail. The curve already indicates a small recovery and hopefully by the end of the week or next week, we may see something close to $6.00 again.