Precious Metals and Mining Trust T.MMP.UN

RE:RE:NAV'S OF MMP.UN-T VS. PME-T

[bjbear]

MMP.UN pays 3.5 cents /mo. for an annual return of 12.7% based on todays price of $3.31. Compare this to PME which pays 4.5 cents/mo. for an annual return of 12.5% based on todays price of $4.32. Both funds pay MONTHLY so why pay a premium for MMP.UN? If the premium for MMP.UN eventually drops below that of PME then I will buy MMP.UN. I have switched back and forth and done this for years and it does pay off. Incidentally as I have pointed out a long time ago in a bullboard posting these dividends are not real dividends. The funds pay these out of their cash and when that runs out they sell some of their holdings. If they didn't pay these "dividends" the net asset value of the funds would be higher at the end of the year by exactly the amount they paid out in their dividends for the year. Think about it- how can they pay real dividends if NOT ONE of the gold stocks they hold pays a dividend! If you don't believe me phone up Sentry Investments or go to their website. In any case I do like these funds not for the so called dividends but for a nice quality junior gold portfolio managed by an astute portfolio manager. A lot simpler and more convenient than doing your own stock picking and ending up with some dogs!