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Stephen Pincus quoted in "Insatiable demand fuels IPOs", National Post

March-21-2005

Lawyer Stephen Pincus
Area REITs and Income Securities

Details

Excerpt from "Insatiable demand fuels IPOs",  by Jonathan Chevreau:

Stephen Pincus quoted:

The seemingly insatiable demand for income trusts was born of low interest rates and a paucity of high-yielding alternatives.  But it would be a mistake to characterize income trust valuations as a bubble, says Stephen Pincus, chairman of the income funds group at Goodmans LLP.  “A bubble connotes something empty inside but these are real businesses producing real cash flow.”