Email of the day (6)
Comment of the Day

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October 12 2010

Commentary by Eoin Treacy

Email of the day (6)

on the reclassification of an income trust:

"Pembina Pipeline Unit Trust - PIF.UN - on the Toronto Exchange (S&P TSX), has just converted from a Unit Trust to a corporation and changed its code on the exchange to PPL. Could you change it over on your monitoring system as the graph stopped at the change over date. Wonderful service. Thank you.

"Incidentally the company, which I own, says it will continue to pay the same monthly distribution after the change (7.5% p.a.)"

Eoin Treacy's view Thank you for alerting us to this reclassification and we have updated the relevant tickers. I covered Pembina Pipeline in a review of the Canadian pipeline sector in Comment of the Day on October 1st.

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