Tips on Trusts

Rogers Sugar to Cut on Conversion

Rogers Sugar Income Fund (TSX: RSI-U, OTC: RSGUF) is preparing to make the transition to a corporate structure. Once it does it will yield about 7 percent.

Avenir Diversified Cuts to Convert

Only one company in the Canadian Edge coverage universe trimmed its dividend last month. Avenir Diversified Income Trust (TSX: AVF-U, OTC: AVNDF) also announced it would shed non-core assets as it becomes a corporation.

One Converter's Cut

Daylight Energy (TSX: DAY, OTC: DAYYF) announced a reduction in its post-conversion dividend that was largely determined by natural gas prices.

One Converter's Cut

Daylight Energy (TSX: DAY, OTC: DAYYF) announced a reduction in its post-conversion dividend that was largely determined by natural gas prices.

From A Distance

Distribution cuts these days are all about after Jan. 1, 2011. Strong businesses will be able to sustain payouts similar to what they've maintained as income trusts.

Nine New No-Cut Conversions

One converting trust announced a plan to transition with a dividend cut. Nine will hold the line. This is yet more evidence of the emergence of a new kind of high-yielding investment vehicle in the income trust wake. Or should we now call it a party?

Yellow, Davis + Henderson and 2011

For the first time in quite a while, no How They Rate companies were forced to cut distributions due to weakening businesses.

Good Cut, Bad Cut

Two How They Rate entries announced distribution cuts in the last month. One was part and parcel of a conversion to a corporation and is actually a positive development; the other was not as encouraging.

It Happens in Threes II

Three more How They Rate entries announced distribution cuts last month, but not all slices are equal. One was expected, another wasn't really a "cut" at all, and the last was actually an upside surprise.

It Happens in Threes

Three How They Rate entries announced distribution cuts last month. At the root of all three was the economic weakness in North America that continues to hammer sales, cash flow and distributions.