Book Description
Income trusts (also known as income funds) are booming, and represent one of the fastest growing financial asset classes in Canada. They accounted for 88 percent of the IPOs launched in 2002, and there are currently over 100 trusts with $45 billion in assets, representing about 6' of the Canadian financial market. Income trusts have provided Canadian investors with excellent returns in one of the worst markets in decades. They trade on the stock exchange, but provide a monthly or quarterly flow of income that can typically yield 6-20' per year. They provide Canadians with an alternative to stock investing that offers potentially less risk, and regular income, regardless of the general stock market direction. Their appeal is increasing for individual and institutional investors (e. g., pension funds and insurance companies) alike. However, investing in income trusts can also be fraught with pitfalls, and being stuck with a bad one can do more harm than good. This book is the first of its kind: a complete guide to the income trust industry in Canada. Table of Contents Introduction The Roots of Business Trusts Tax Matters: The Consequences of Investing in Income Funds Why Invest in an Income Trust? Measuring Risk in an Income Fund Advanced Topics The Initial Public Offering Process The Income Trust Conversion Process Funds of Income Funds Statutory Liability for Continuous Disclosure Preventive Medicine for Income Trusts and their Trustees Issues for Business Owners; Selling a Business to an Income Trust The Canadian Income Trust Market Today Appendix I: Glossary of Income Fund terms and their Definitions Appendix II: Comprehensive Canadian Income Fund Listings

About the Author
Peter Beck is a well-known financial expert and President of SwiftTrade Securities, Canadas leading direct-access trading firm. He is the co-author of Hedge Funds for Canadians: New Investment Strategies for Winning in Any Market (Wiley), which has sold over 3,000 copies in four months. Mr. Beck, a European-trained chef, immigrated to Canada from Hungary in 1979. A knack for business led him to set up a number of successful ventures, including Canadas first day-trading firm, SwiftTrade. In just four years, the company grew from one office to ten offices across Canada. SwiftTrade was named one of the Top 10 Hottest Startups in Canada by Profit Magazine in 2001 for its remarkable two-year growth rate of almost 4000'. 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. Simon Romano is a partner at Stikeman Elliott, a 440-lawyer firm with an international reputation in all areas of business law, most notably banking, corporate finance, and Ms Securities Advisory Committee. He is particularly active in the area of income trusts, having advised the Livingston International Income Fund, among others.

Order it US$13.97 CAN$20.29