That $430 Mill Asset Loss in Q 1 isnt exactly "Chump Change". The "Trust Sector" has been borrowing or selling more shares for years to pay the dividends. Pimco / Bill Gross is "best of Breed". Not very astute on my part, but he is the sole reason I own it. m.
I should have been more specific in my statement about Trusts borrowing/selling units to pay distrib. I was refering only, to the Canadian Royalty Trusts, sorry. As a side comment, they have, since the arrival of $130. oil stopped the practice of POR's at 125%, and have got them down to a sustainable 50%-60%. m.