Mostly: Classical

[johnlw]

Hello eva
I will stick my nose in.......even though yield producing equities are rather off topic for Frank's board.

One trust Kastel and I have in common is NPR.un, I hold it registered and in a cash account
Rental property in northern Canada
It does derive about 1/3 of its income from its Alberta properties but a slow down in Fort Mac would still be a booom most other places.
I think it has a virtual monopoly on rental properties in the far north - much of this is rented to gov't employees.
I have a buddy who has worked in the Artic for decades and he has stayed and worked for them and has no qualms about the outfit.
As far as 2011 goes:
Management expects to be able to make changes, if required, to the structure and operations in order to qualify for the REIT Exemption prior to 2011. Management continues to evaluate the alternatives available in making the required changes and will update unitholders as further progress is made.

All in all they seem like a realistic bunch (from the last quarterly report):
Playing defense is not as much fun. But doing it well is an essential “part of the game”.

JW