| For
Comparison Only!
Expressed as % |
|
|
|
|
|
|
Risk
|
Est Cash
Distributions |
Estimated
Distributable
|
Estimated
Cash Flow
|
|
|
Estimated
% Payout
|
Trust
Name
|
Symbol |
|
C.Gain |
Dividend |
Income |
R of C |
Units 0S |
Description
|
Date
|
Analyst
|
Target
|
|
|
2005
|
2006
|
2007 |
2008 |
2009 |
2010 |
2011 |
2007 |
2008 |
2009 |
2010 |
2011 |
2007 |
2008 |
2009 |
2010 |
2011 |
D/CF
|
Debt
|
2007 |
2008 |
2009 |
2010 |
2011
|
|
|
Alliance Grain Traders
|
|
|
|
|
|
Alliance Grain Traders |
|
|
|
|
|
Converted to a
Corp
|
AgTech
Income
|
|
|
|
|
SEDAR
Globe&
Mail
X-Dates
Insider
Trades |
AGT
E-Mail
|
 |
|
2010
100
|
|
|
2. 0M
0 CDs
|
buying, processing, and
selling of
speciality crops for export markets.
focused entirely on the green lentil market.
Converted to a Corp. Qrtly Dividend
|
|
|
|
|
|
|
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|
|
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|
|
Jun 16/09
|
GMP
|
$19.50
|
BY
|
|
$0.50
|
|
|
|
$0.55
|
??
|
|
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|
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|
$0.54
|
|
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|
Agrium - Not a Trust
|
|
|
|
|
|
AGU-T or N
|
Agrium |
|
|
|
|
1-877-247-4861
|
AGU
E-Mail
|
 |
|
|
|
|
|
Fertilizers
& Agricultural chemicals
North America & Argentina
See Potash Corp below
|
|
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|
Sep
08/09
|
Genuity
|
$67.00
|
BY
|
|
|
|
|
|
$0.12
|
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|
Aug
28/09
|
TDW
|
60.00us
|
BY
|
High
|
$0.11
|
"
|
"
|
$0.11
|
|
|
|
|
|
|
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|
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|
Arctic
Glacier |
|
|
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|
Arctic
Glacier |
|
|
|
|
SEDAR
Globe&
Mail
X-Dates
Insider
Trades
|
AG.un
E-Mail |
 |
|
|
2008
67 |
2008
33 |
39 M
0 CDs
|
ice
packaging facilities - 37 production facilities and 51 standalone
distribution
centres. Q3 is when ALL the $ is made
Revenue
is 60% from the U.S
so smaller impact of 2011 tax
|
|
|
|
|
|
$1.10
|
$1.10
|
|
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|
Nov 09/09
|
RBC
|
$ 2.00
|
UP
|
Spec
|
|
$1.10
|
$1.04
|
$0.71
|
0
|
|
|
|
|
|
|
|
1.11A
|
0.75A
|
0.74A
|
0.93A
|
|
|
$300 M
|
85
|
86
|
0
|
|
|
Oct 14/09
|
Welling
|
$6.00
|
SB
|
|
|
|
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|
|
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|
|
May 13/09
|
TDW |
$
1.75
|
X
|
High
|
$1.10
|
$1.10
|
$1.04
|
$0.71
|
0
|
|
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|
Associated
Brands |
|
|
|
|
|
|
|
|
|
|
|
| For
Comparison Only!
Expressed as % |
|
|
|
|
|
|
Risk
|
Est Cash
Distributions |
Estimated
Distributable
|
Estimated
Cash Flow
|
|
|
Estimated
% Payout
|
Trust
Name
|
Symbol |
|
C.Gain |
Dividend |
Income |
R of C |
Units 0S |
Description
|
Date |
Analyst
|
Target
|
|
|
2005
|
2006
|
2007 |
2008 |
2009 |
2010 |
2011 |
2007 |
2008 |
2009 |
2010 |
2011 |
2007 |
2008 |
2009 |
2010 |
2011 |
D/CF
|
Debt
|
2007 |
2008 |
2009 |
2010 |
2011 |
bought by Iceland Freezer
|
|
formerly ACS Freezers
|
|
|
|
|
|
Atlas
Cold Storage |
|
|
|
|
|
formerly ACS Freezers |
|
|
|
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|
|
Big
Rock Brewery
|
|
|
|
|
|
BR.un
|
Big
Rock Brewery |
|
|
|
|
SEDAR
Globe&
Mail
X-Dates
Insider
Trades |
BR.un
E-Mail |
 |
|
2007
35.5
|
2007
64.5
|
|
6 M
0 CDs
|
Beer |
|
|
|
|
|
|
|
|
$1.08
|
|
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|
|
CenterPlate
Inc |
|
|
|
|
|
CVP.un
|
CenterPlate
Inc |
|
|
|
|
| For
Comparison Only!
Expressed as % |
|
|
|
|
|
|
Risk
|
Est Cash
Distributions |
Estimated
Distributable
|
Estimated
Cash Flow
|
|
|
Estimated
% Payout
|
Trust
Name
|
Symbol |
|
C.Gain |
Dividend |
Income |
R of C |
Units 0S |
Description
|
Date |
Analyst
|
Target
|
|
|
2005
|
2006
|
2007 |
2008 |
2009 |
2010 |
2011 |
2007 |
2008 |
2009 |
2010 |
2011 |
2007 |
2008 |
2009 |
2010 |
2011 |
D/CF
|
Debt
|
2007 |
2008 |
2009 |
2010 |
2011 |
|
|
|
|
|
|
|
|
Clearwater
Seafoods
|
|
|
|
|
|
CLR.un
|
Clearwater
Seafoods |
|
|
|
|
SEDAR
Globe&
Mail
X-Dates
Insider
Trades |
CLR.un
E-Mail
|
 |
|
2007
76
|
2007
1
|
2007
23
|
51.1 M
CDs
|
OnLine
Seafood Ordering
* Cash Op Earnings
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Nov 11/09
|
Scotia
|
$ 1.50
|
UP
|
Caut
|
$0.52
|
$0.30
|
$0.60
|
0.00
|
0
|
0
|
|
$0.25
|
-1.64
|
$0.19
|
$0.26
|
|
*0.19
|
*-62
|
*-.02
|
*0.38
|
|
|
$226 M
|
248
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
|
|
|
|
|
|
|
|
|
|
Converted to a
Corp
|
|
|
|
|
|
Colabor Group
|
|
|
|
|
|
GCL - CLB.un
|
Colabor Group
|
|
|
|
|
SEDAR
Globe&
Mail
X-Dates
Insider
Trades |
GCL
E-Mail
|
 |
|
2010
100
|
|
|
19.66 M
24.4 M
|
Wholesaler and
distributor of food and non-food products serving the grocery stores,
convenience stores, etc. and cafeterias, restaurants & hotel markets
Qrtly dividends = $0.27?
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oct 15/09
|
Cormark
|
$11.00
|
|
|
|
|
|
|
$0.83
|
$1.08
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oct
07/09
|
NA
|
$11.25
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oct 20/08
|
TD
|
$13.00
|
X
|
Med
|
|
$1.06
|
$1.06
|
$1.08
|
|
|
|
$1.32
|
$1.53
|
$1.61
|
|
|
|
|
|
|
|
2.7x
|
|
80
|
70
|
73
|
|
|
|
|
|
|
|
|
|
|
Connors
Bros - Sold to Centre Partners
|
|
|
$8.50
|
|
|
CBF.un
|
|
|
|
|
|
| For
Comparison Only!
Expressed as % |
|
|
|
|
|
|
Risk
|
Est Cash
Distributions |
Estimated
Distributable
|
Estimated
Cash Flow
|
|
|
Estimated
% Payout
|
Trust
Name
|
Symbol |
|
C.Gain |
Dividend |
Income |
R of C |
Units 0S |
Description
|
Date |
Analyst
|
Target
|
|
|
2005
|
2006
|
2007 |
2008 |
2009 |
2010 |
2011 |
2007 |
2008 |
2009 |
2010 |
2011 |
2007 |
2008 |
2009 |
2010 |
2011 |
D/CF
|
Debt
|
2007 |
2008 |
2009 |
2010 |
2011 |
|
|
Converting back to Corp
|
|
|
|
|
|
Dominion
Citrus |
|
|
|
|
|
DOM.un
|
Dominion
Citrus |
|
|
|
|
|
Acquired by
TreeHouse Foods
|
|
|
|
|
|
|
|
E.D. Smith Income Fund |
|
|
|
|
|
JAM.un
|
|
|
|
|
|
|
|
See Village Farms Below
|
|
|
|
100
|
7.1 M
|
Hot
House Growers |
|
|
|
|
|
|
|
|
|
|
|
|
|
SOLD to
Caxton-Iseman
|
|
|
100
|
|
|
KCP
Income |
|
|
|
|
|
KCP.un
|
|
|
|
|
|
| For
Comparison Only!
Expressed as % |
|
|
|
|
|
|
Risk
|
Est Cash
Distributions |
Estimated
Distributable
|
Estimated
Cash Flow
|
|
|
Estimated
% Payout
|
Trust
Name
|
Symbol |
|
C.Gain |
Dividend |
Income |
R of C |
Units 0S |
Description
|
Date |
Analyst
|
Target
|
|
|
2005
|
2006
|
2007 |
2008 |
2009 |
2010 |
2011 |
2007 |
2008 |
2009 |
2010 |
2011 |
2007 |
2008 |
2009 |
2010 |
2011 |
D/CF
|
Debt
|
2007 |
2008 |
2009 |
2010 |
2011 |
|
TFR.un
|
Bought by Labatt's
|
|
|
100
|
|
7.2 M |
LakePort Brewing |
|
|
|
|
|
TFR.un
|
|
|
|
|
|
|
|
|
Bought by Liquor Stores
|
|
|
|
|
|
Liquor Barn Income Fund |
|
|
|
|
|
LBN.un
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liquor Stores Income Fund |
|
|
|
|
|
LIQun
|
Liquor Stores Income Fund
|
|
|
|
|
SEDAR
Globe&
Mail
X-Dates
Insider
Trades
|
LIQ.un
E-Mail |
 |
|
|
2007
70 |
2007
30
|
22.5 M
0 CDs
|
Liquor World and Liquor
Depot
|
Nov
12/09
|
NA
|
$15.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aug 13/09
|
PI
Fin
|
$18.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
May 06/09
|
R.James
|
$15.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aug 12/09
|
RBC
|
$13.00
|
|
Avg
|
$1.05
|
$1.25
|
$1.49
|
$1.62
|
$1.62
|
$1.62
|
|
|
|
|
|
|
1.67A
|
1.76A
|
1.81A
|
1.99A
|
|
|
$117
M
|
89
|
92
|
90
|
81
|
|
|
|
|
|
|
|
|
|
Menu
Foods |
|
|
|
|
|
MEW.un
|
Menu
Foods |
|
|
|
|
SEDAR
Globe&
Mail
X-Dates
Insider
Trades |
MEW.un
|
 |
|
2005
39.3
|
2005
35 |
2005
25.7
|
29 M
0 CDs
|
Wet pet
food products
85%–90% of Menu’s sales are
in U.S. dollars
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mar 20/07 |
CIBC
|
$ 3.50 |
UP
|
|
$0.89
|
$0.00
|
$0.00
|
$0.00
|
|
|
|
|
|
|
|
|
(0.07)
|
$0.95
|
|
|
|
1.7x
|
$45.4 M
|
|
|
|
|
|
May 31/07
|
NA
|
$2.00
|
UP
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oct 11/07
|
Cormark
|
$1.00
|
S
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For
Comparison Only!
Expressed as % |
|
|
|
|
|
|
Risk
|
Est Cash
Distributions |
Estimated
Distributable
|
Estimated
Cash Flow
|
|
|
Estimated
% Payout
|
Trust
Name
|
Symbol |
|
C.Gain |
Dividend |
Income |
R of C |
Units 0S |
Description
|
Date |
Analyst
|
Target
|
|
|
2005
|
2006
|
2007 |
2008 |
2009 |
2010 |
2011 |
2007 |
2008 |
2009 |
2010 |
2011 |
2007 |
2008 |
2009 |
2010 |
2011 |
D/CF
|
Debt
|
2007 |
2008 |
2009 |
2010 |
2011 |
|
|
|
|
|
|
|
|
North
West Company |
|
|
|
|
|
NWF.un
|
North
West Company |
|
|
|
|
SEDAR
Globe&
Mail
X-Dates
Insider Trades
|
NWF.un
E-Mail |
 |
|
|
2008
100
|
|
48.5 M
0 CDs
|
Food and
everyday products for northern
communities & Alaska
Northern, North Mart & Giant Tiger banners
*= Earnings/unit
|
Oct 21/09
|
BMO
|
$18.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sep 11/09
|
NA
|
$17.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sep 10/09
|
CIBC
|
$18.50
|
OP
|
|
$0.60
|
$0.63
|
$0.90
|
$1.35
|
$1.38
|
$1.46
|
|
$1.48
|
$1.48
|
$1.74
|
$1.97
|
|
|
|
|
|
|
|
$193 M
|
77
|
78
|
74
|
65
|
|
Sep 11/09
|
RBC
|
$19.00
|
OP
|
Avg
|
|
|
$0.90
|
$1.15
|
$1.35
|
$1.32
|
$1.36
|
|
|
|
|
|
1.21A
|
1.54A
|
1.77A
|
1.94A
|
2.11A
|
1.5x
|
$193 M
|
|
75
|
76
|
68
|
64
|
Sep 11/09
|
TDW
|
$17.50
|
|
Med
|
|
$0.80
|
$1.13
|
$1.40
|
$1.39
|
$1.47
|
$1.14
|
$1.37
|
$1.66
|
$1.67
|
$1.77
|
|
|
*1.56
|
*1.68
|
*1.78
|
*1.46
|
1.5x
|
$193 M
|
83
|
84
|
80
|
77
|
73
|
|
|
|
|
|
|
|
|
Potash Corp |
|
|
|
|
|
POT - T or N
|
Potash Corp |
|
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 |
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RBC
|
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Scotia
|
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|
Aug
28/09
|
TDW
|
95.00us
|
|
High
|
|
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|
Premium Brands |
|
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|
PBI.un
|
Premium Brands
|
|
|
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|
Rogers
Sugar |
|
|
|
|
|
RSI.un
|
Rogers
Sugar |
|
|
|
|
SEDAR
Globe&
Mail
X-Dates
Insider
Trades |
RSI.un
E-Mail
|
 |
|
|
2007
100
|
|
87.3 M
CD's
|
Refiner,
processor, distributor and marketer
of suger products
Rogers Sugar & Lantic Sugar
Natural gas $ (used in processing)
|
Nov
24/08 |
BMO
|
$ 3.60
|
X
|
|
$0.40
|
$0.40
|
$0.43
|
$0.46
|
|
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|
| Oct 16/09
|
Scotia
|
$ 4.25
|
|
High
|
$0.40
|
$0.40
|
$0.43
|
$0.46
|
$0.46
|
$0.46
|
|
$0.56
|
$0.59
|
$0.54
|
$0.55
|
|
$0.88
|
$0.43
|
$0.77
|
$0.67
|
|
|
|
68
|
64
|
77
|
75
|
|
Jul 31/09
|
TDW
|
$ 4.00
|
|
High
|
$0.40
|
$0.40
|
$0.43
|
$0.46
|
$0.46
|
$0.46
|
|
$0.60
|
$0.58
|
$0.64
|
$0.57
|
|
|
|
|
|
|
|
$223 M
|
|
|
|
|
|
Bought
out
|
IPS |
|
|
26
|
74
|
|
|
Royster-Clark |
|
|
|
|
|
|
Royster-Clark
|
|
|
|
|
|
|
|
|
|
100
|
|
|
Specialty
Foods Group |
|
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|
|
|
Specialty
Foods Group
|
|
|
|
|
| For
Comparison Only!
Expressed as % |
|
|
|
|
|
|
Risk
|
Est Cash
Distributions |
Estimated
Distributable
|
Estimated
Cash Flow
|
|
|
Estimated
% Payout
|
Trust
Name
|
Symbol |
|
C.Gain |
Dividend |
Income |
R of C |
Units 0S |
Description
|
Date |
Analyst
|
Target
|
|
|
2005
|
2006
|
2007 |
2008 |
2009 |
2010 |
2011 |
2007 |
2008 |
2009 |
2010 |
2011 |
2007 |
2008 |
2009 |
2010 |
2011 |
D/CF
|
Debt
|
2007 |
2008 |
2009 |
2010 |
2011 |
|
|
|
|
|
|
|
|
Swiss
Water Decaf Coffee |
|
|
|
|
|
SWS.un
|
Swiss
Water Decaf Coffee |
|
|
|
|
|
|
Formerly Hot
House Growers
|
|
|
|
|
|
Village Farms
|
|
|
|
|
|
VFF.un
|
Village Farms
|
|
|
|
|
SEDAR
Globe&
Mail
X-Dates
Insider
Trades
|
VFF.un
E-Mail
|
 |
|
|
|
2007
100
|
13 M
+
25.6 M
|
Marketer/distributor of
greenhouse vegetables in BC, Pennsylvania.and Texas
Formerly Hot
House Growers
|
|
|
|
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