Several stories today highlighted the decision by Canada’s Yellow Pages Group to increase its cash payout to unit holders in the Yellow Pages Income Trust.
This is widely read as a signal the company is moving full speed ahead as a trust, despite the recent proposal by the Canadian government to begin taxing trust distributions. The attractiveness of the trust’s tax-advantaged status led to a stampede of new trust issues, which threatened to undermine the government’s tax base.
Here is an article on the topic from today’s Globe and Mail. And another from CNEWS.
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