YPG Stays the Course on Income Trust
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.