Dear Pat: I am thinking of investing in a few Canadian real estate investment trusts (REITs) as part of my portfolio, as they seem to be the only class of income trusts that are exempt from the new tax regime for income trusts that comes into operation in 2011. In particular, I am thinking of investing in Whiterock REIT. What is your guidance with respect to this REIT? I look forward to seeing your answer to this question.

Whiterock Real Estate Investment Trust, $13.99 symbol WRK.UN on Toronto (Units outstanding: 16.1 million; Market cap: $225.9 million), owns, develops and operates office, industrial and retail properties across Canada.

As of March 31, 2010, Whiterock owned 33 office buildings, 13 industrial buildings and 7 retail… Read More

Teranet Takeover Could Turn Into an Auction

TERANET INCOME FUND $11.50 (Toronto symbol TF.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 159.6 million; Market cap: $1.8 billion; SI Rating: Speculative) is the target of a hostile $11-a-unit takeover offer from the Ontario Municipal Employees Retirement System.

We generally avoid initial public… Read More