Investor urges MI to become REIT: Major U.S. stakeholder calls for vote of Magna International shareholders

Article Abstract:

New York investment firm, Greenlight Capital Inc., which owns 9.9 percent in MI Developments Inc., which is a real estate company, has called for the breakup of the company and has demanded a shareholders' meeting for voting on the idea. Greenlight Capital Inc. wants the company to sell or spin off its 59-percent stake in its horse racing subsidiary named Magna Entertainment Corp. and convert its other property holdings into a real estate investment trust.

United States, Legal issues & crime, Government regulation (cont), Government regulation, Investment Offices, Investment Companies, Open-End Investment Funds, Securities issued, listed, Investment Funds & Trusts, Legal/Government Regulation, Other Activities Related to Real Estate, REAL ESTATE, Real Estate Services, Laws, regulations and rules, Company investment, Investments, Real estate industry, Company securities, Greenlight Capital

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Manager calls on OSC to ban 'solicitation fees.'(Ontario Securities Commission, Canada)

Article Abstract:

The Ontario Securities Commission (OSC) in Canada is being called on to prohibit investment adviser fees for those advisers who convince clients to take acquisition bids. Len Racioppo, an investment manager, made the statement.

Investment advice, Investment Advisory Services, Ontario, Investment advisers, Ontario. Securities Commission

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DuPont Canada cancels regular dividend

Article Abstract:

DuPont Canada has cancelled its regular dividend for the 2003 second quarter. The company broke its long tradition of paying a quarterly dividend, a move that angered its shareholders.

Canada, Dividends, Dividend Policy, Chemical industry, Company dividends, DuPont Canada Inc.

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