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Income trusts: Trust temptation
Leslie Lundquist will never forget where she was the day Finance Minister Jim Flaherty announced the federal government would tax income trusts. It was a Halloween afternoon in 2006, and the fund manager at Calgary’s Bissett Investment Management was sitting in a colleague’s office, having a casual, late-day chat. “Then my phone started ringing off the hook,” she says. When she heard the...
Investing: Dividend destruction
It wasn’t long ago that a company cutting its dividend would send Leslie Lundquist into a panic. The Bissett Investment Management fund manager makes her living investing in dividend-yielding income trusts, so when one of her companies reduced its payout she couldn’t help but worry that something was amiss.
“If a company cuts its dividend, that’s a sure sign that something...
Bryan Borzykowski is a Toronto-based writer and editor working mainly for business and entertainment publications. He regularly contributes to Canadian Business magazine, Globe and Mail, Toronto Star, PROFIT, MoneySense and the Advisor Group. Bryan's the editor of Review magazine and is a senior editor with Connected for Business magazine. He's also a contributing writer with Hello! Canada and was once a weekly music columnist for Metro News. He's been nominated for several National Magazine Awards and recently co-authored