Thursday, May 10, 2007

UPDATE 2-PrimeWest to acquire Shiningbank for C$1.25 bln

(Reuters) - The transaction is the latest move among energy trusts to bolster their businesses following the Canadian government's decision last year to take away the favored tax treatment that had fueled a proliferation of the investment vehicles.

Finance Minister Jim Flaherty said cash distributions from income trusts -- their big draw for investors -- will be taxed starting in 2011.


Read more at Reuters.com Bonds News

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