Shaky markets muffle income trust plans

Article Abstract:

Five hundred million dollars worth of income trusts have either been canceled or had their marketing campaigns halted. Poor past performance in this sector, the September 11th terrorist attacks, and a sliding equity market have encouraged investors to put money into T-bills.

Other Financial Vehicles, Trusts, not elsewhere classified, Trusts ex Ed, Religious, Charitable, Economic aspects, Product information, Investment companies, Securities industry, Trusts (Law), World Trade Center and Pentagon Attacks, 2001

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Trust mania spurs quality concerns

Article Abstract:

Investor demand for income trusts is outstripping the supply of good companies to put in these high-yield securities, prompting financiers to fear that low-quality assets might start entering the market. The gap between supply and demand stems from the fact that $2-billion worth of trust offerings would be provided in the first quarter of 2004, while the mutual fund companies are collecting more than $1.2-billion a month in their income and dividend funds, money that must be put to work.

Forecasts, trends, outlooks, Forecasts and trends, Supply and demand, Market trend/market analysis

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Nexen to spin off chemicals division as income trust: Transaction could be worth as much as $800-million, spark similar deals

Article Abstract:

Nexen Incorporation is preparing to spin off its chemical division as an income trust that will be worth as much as $800-million, the first in a string of similar-sized trust deals coming to market in the next several months. The trust IPO will value Nexen Chemicals at between $700-million and $800-million, or approximately 7.5 times the unit's estimated cash flow for 2005.

Financial management, Organizational history, CHEMICALS AND ALLIED PRODUCTS, Finance, Chemical industry, Company restructuring/company reorganization, Reorganization and restructuring, Pesticides industry, Herbicides, Company financing, Company organization, Sulphur industry, Nexen Chemicals Inc.

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