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.