Updates on RioCan Real Estate Investment Trust, ARC Energy Trust, TransCanada Corp. and EnCana Corp.

Article Excerpt

RIOCAN REAL ESTATE INVESTMENT TRUST $20.25 (Toronto symbol REI.UN; SI Rating: Average) has increased its monthly distributions by 2.2%, from $0.1125 a unit to $0.115. The new annual rate of $1.38 yields 6.8%. RioCan is a buy. ARC ENERGY TRUST $22.55 (Toronto symbol AET.UN; SI Rating: Extra risk) has rescinded one of its recent monthly distribution increases in light of lower oil and gas prices. It now yields 12.8%. ARC boosted distributions with the June, 2008 payment, from $0.20 to $0.24. It then raised its payout further with the August, 2008 distribution, from $0.24 to $0.28. The new distribution of $0.24 per unit is effective with the October, 2008 payment. ARC Energy Trust is still a buy. TRANSCANADA CORP. $38.52 (Toronto symbol TRP; SI Rating: Above average) has paid an undisclosed sum for the assets of Bison Pipeline. This includes all regulatory, environmental and engineering work completed to date on the Bison Pipeline Project. This proposed 289-mile pipeline would transport natural gas from Wyoming to…