Killam Apartment REIT T.KMP.UN

Killam to Become an Income Trust

[nash1210]

Income Trust status on January 1, 2016, is the intention of KMP, to get better notice and more comparison with other similar income trusts. NEW NAME: Killam APARTMENT Real Estate investment Trust That new name does not seem to include \manufactured home sites, otherwise known as TRAILER PARKS ! SO IS THERE TO BE A COMPLETE SALE OF ALL THEIR TRAILER PARK SITES - THIS BUSINESS IS REALLY ABOUT RENTING LAND ?? IF SO THAT WOULD BRING IN LOTS OF CASH but if it is not deployed quickly into existing apartment buildings income will drop - as it did a couple of years ago for some time. But all that cask would probably ensure the existing dividend of 5 Cents per month - to be an "income distribution in the future - if not a greater amounts. Share buy back did not help share price - this plan may be more helpful. Nor has the 60 Cents a year dividend - which yields about 6% at the recent $10 share price. THEIR APARTMENTS HAVE HIGH VALUE CONDO EQUIVALENCE FOR THOSE WHO DO NOT WANT TO BE TIED DOWN WITH CONDO OWNERSHIP. I like it !