ARC sets a conversion date

Article Excerpt

ARC ENERGY TRUST $25.59 (Toronto symbol AET.UN; Units outstanding: 275.9 million; Market cap: $7.0 billion; TSINetwork Rating: Speculative; Dividend yield: 4.7%; will convert to a dividend-paying corporation on January 17, 2011. It will then trade as ARC Resources Ltd. under the symbol “ARX”. ARC has $2.2 billion of tax pools it can use to offset income taxes. That will let it keep paying $0.10 a month (it now yields 4.7%). Starting February 15, 2011, these dividend payments will benefit from the dividend tax credit if you hold your shares outside of an RRSP or a RRIF. ARC Energy is still a buy. buy…

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