Calgary’s foreign asset energy income trust sector is about to follow Canadian energy income trusts into the dustbin of history, with Eagle Energy Trust announcing plans Friday to convert to a corporation and Argent Energy Trust confirming it’s eyeing a similar move. 577 more words
Tags » Eagle Energy Trust
Units in Parallel Energy Trust plunged more than six per cent Wednesday after it announced it was suspending its distributions to unitholders and would initiate a strategic alternatives review that could result in its sale. 518 more words
Four have tried, two have been successful and now one of the two is back for more.
We are talking about the new form of income trusts that emerged after Ottawa rewrote the tax rules in October 2006 and decided the highly popular security should start paying taxes in 2010. 501 more words