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Stephen Pincus quoted in "In Canada we trust", Private Equity Manager Magazine

March-1-2005

Lawyer Stephen Pincus
Area REITs and Income Securities

Details

Excerpt from "In Canada we trust", from Private Equity Manager Magazine.

Stephen Pincus quoted:

According to Stephen Pincus, a partner at Canadian law firm Goodmans LLP, income funds have become enormously popular over the last few years, as interest rates remain at record lows.  The main reason for their success in the retail markets is that income funds pay out most of their cash flow to shareholders on a regular basis, usually through monthly distributions.  The favorable tax-efficient regimes of income funds allow pre-tax operating income to be distributed to shareholders, reducing or eliminating corporate or asset-level tax.