Canadian Income Funds

Peter Beck 지음

Wiley 2009년 12월 04일 출간

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책소개

Income trusts are booming. They have been one of the best-performing classes of investments in one of the worst markets in decades. With over 150 trusts currently trading on the Toronto Stock Exchange at a combined value of over $90 billion, this relatively new vehicle, the income fund, is one of the hottest tickets on the Canadian investment landscape today.Written by two of the industry's top experts and commentators, this is the first book of its kind: a complete guide to the income trust industry in Canada.Includes complete coverage on: what income funds are and how to use them to your advantage; myths and facts about income funds; different types of income trusts; what to look for in an income trust, and how to assess the risks involved; how income trusts, and the investors in them, are taxed; funds of income funds; and much more.Explains what business owners need to know if they are considering converting their businesses into an income trust.Features listings and profiles of over 160 income funds currently available in Canada, including a description of each fund, performance history, and contact information.Designed for anyone interested in knowing how Canadian income funds work, including: investors, business owners, directors, trustees, stockbrokers, financial advisors, lawyers, accountants, investment bankers, and commercial bankers.

목차

Acknowledgements.Introduction.Chapter One: What are Income Trusts Anyway?Today&-s Income Trust Landscape.The Basics: What is a Trust?The History of Trusts.The Players in a Trust: Which one is the Investor?Reasons for Setting up a Trust.Tax Mitigation.A Possible Downfall: Liability.The Basic Structure of an Income Trust.Setting up a Trust Structure.Other Structures.The Economic Climate: Fuel for the Recent Boom.Chapter Two: The Different Types of Income Trusts.How Does an Income Trust Differ from a Regular Public Company?The Types of Income Trusts.Business Trusts.Trademark Royalty Trusts.Oil and Gas Royalty Trusts.Real Estate Investment Trusts (REITs).Funds of Income Funds.Risks.Chapter Three: Tax Matters.Introduction.Debt and Equity.Financial Leverage.Internal Leverage.The Tax Benefits of Leverage to the Investor.Return of Capital and Other Tax Nuances.Is There an Effect on Overall Government Tax Revenues?IDSs, IPSs, and Other Products.Chapter Four: How to Choose an Income Trust.First and Foremost: Due Diligence.The Stages of Your Investment Life.Graduation.Getting Married.Kid(s) Arrive(s).Kid(s) Leave(s) Home.Retirement.Some Economic Conditions to Consider.Today&-s Interest Rate Climate.Equity Market Outlook.Exchange Rate Considerations.Commodity Price Outlook for Oil and Gas.Understanding the Underlying Business.Stability of Distributions.Growth Possibilities.Management Experience and Reputation.Liquidity.Funds of Funds &~ Management and Fees.When to Sell.Need Some Cash?Found a Better Investment Vehicle?Is the Fund Performing Badly?Setti

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저자(글) Peter Beck

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Peter Beck is a well-known financial expert and President of SwiftTrade Inc., Canada-s leading proprietary trading firm.A European-trained chef, Mr. Beck immigrated to Canada in 1979 and set up a number of successful businesses, including a coffee shop, a water bottling company, a pet food delivery service, and ITN Corporation, the first legally operating long distance company in Canada. In 1998, he founded SwiftTrade, which was #7 on Profit Magazine-s quot;10 Hottest Startups in Canadaquot; for 2001, and was named #2 on the quot;Top 100 Fastest Growing Businesses in Canadaquot; for 2004, also by Profit, with an astounding five-year growth rate of almost 9000%.Mr. Beck has been featured in media across the country, including The Globe and Mail, the Toronto Star, CTV News, ROB TV, and Canadian Business. He regularly appears on television to offer commentary on the markets, writes articles for financial publications across the country, and is the co-author of Hedge Funds for Canadians: New Investment Strategies for Winning in Any Market (John Wiley Sons).Simon Romano is a partner at Stikeman Elliott LLP, a 440-lawyer firm with an international reputation in all areas of business law, most notably securities, tax, banking, corporate finance, MA, securitizations and derivatives, commercial litigation, competition law, commercial real estate, labour/employment and pension law, environmental law, intellectual property and related fields. Mr. Romano practices principally in the area of securities, MA and finance, as well as acting for private equity funds, income trusts, and alternative trading systems.Mr. Romano has practiced in both Toronto and New York, and was formerly a clerk at the Supreme Court of Canada. During 1995 and 1996, he was Special Counsel to the Ontario Securities Commission, where he dealt with take-over bids as well as other projects. He has written a number of articles,