RE: the cut to .40cents etc. For the bullboarder who raised this issue, did you listen closely to what Management said about this during the course of the teleconference.? Management stressed the need to use the money to grow organically by investing in its own properties by upgrading and renovating a large percentage of them. They talked about a capex for this of about $50million+ and the money from the reduced distribution could be used to provide much needed funds for this major rebranding and renovation program. It has already paid off in the two major hotels just recently completed with their upgradings and renovations etc. The cut is also in preparation for the time when the Trust becomes taxable, although Innvest does have tax losses it can use for awhile, sitting in reserve. All of this takes the uncertainty out of the situation when Innvest becomes a pure taxable Trust. We all know what to expect now. I see no further cuts in the cards given that Temple pays more now and anything less than the .0333cents would make Innvest appear to be in financial trouble, which it is not. In fact, analysts who participated in the teleconference expected a much deeper cut but the consensus is that the .0333cents is very sustainable.