You need to know what you are investing in. The Canadian trust income tax advantage is going to disappear Jan. 1, 2011 for ALL Canadian trusts. PVX announced last month that they were converting in Jan. Why are you people so surprised?
At a share price of 7.5, their distribution last year was almost 10%. Under the corporation plan it will be 7.2%. This is still a pretty good return.
Then if dividend is set to drop, why do we want to continue and hold? Other canroys who were grandfathered in under the tax law changes, are still operating as trusts. Why is this one different, even though it appears to be under the grandfather clause??