Email of the day (2)
Comment of the Day

November 02 2010

Commentary by Eoin Treacy

Email of the day (2)

on an income trust reincorporation:
"Yellow Pages Income Trust, YLO.UN on the Toronto Exchange has changed its structure to a corporation now called Yellow Media Inc. and the new symbol is YLO. Your graph stops on October 29th but should catch-up with the symbol change."

Eoin Treacy's view Thank you for alerting us to this structure change. The new ticker for Yellow Pages Corp has been added to the Chart Library.

Assuming a constant price, Yellow Pages Inc's current yield of over 13% will shrink to 10.6% in January under the new payout schedule according to this news release. Prices have rallied impressively over the last month but remain within the two-year base formation. At such a high yield and with potential downside likely limited to the lower side of the range, this instrument offers an attractive proposition for investors seeking income. Of course one should always do one's own due diligence before investing.

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