CFX-UN
From i-village, maybe this accounts for the weakness?
Got this email reply from CANFOR. Looks like they are converting Jan 1, 2011 and will not issue stock to US unit holders, only cash. The new symbol will be CFX on the TSX.
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Regarding our Plan of Arrangement to convert from an income trust to a corporation effective January 1, 2011, please refer to the Information Circular found on our website: canforpulp.com/ Investor Relations/ Financial Reports/ Information Circular.
The effect of the Arrangement on Unitholders and on Distributions and future dividends is described on pages 13 and 14 of the Circular. There will be Canadian income taxes assessed in the new corporation at effective rates of 25-30%. It is also the intention to replace the existing monthly distribution with a quarterly dividend.
Interested parties should also refer to the general overview of certain securities law considerations, under Securities Law Matters for Canada and the United States on pages 30-39 and Appendix F of the Circular
Terry D. Hodgins
Chief Financial Officer & Secretary
Canfor Pulp Limited Partnership Ð 230 - 1700 West 75th Avenue Ð Vancouver, BC Ð V6P 6G2 Ð Canada
Tel: 604.661.5421 Ð Fax: 604.648.1951 Ð Email: terry.hodgins@canforpulp.com Ð Website: www.canforpulp.com
AI
