 | Stephen Pincus quoted in "Income Securities - a Canadian export...and import", The Globe and Mail |
September-27-2004
| Lawyer | Stephen Pincus |
| Area | REITs and Income Securities |
Details
Excerpt from "Income Securities - a Canadian export...and import", by Alexander MacKenzie:
Stephen Pincus quoted:
Like income funds, income securities can be used for an IPO by a privately owned business or a conversion by an existing public company. Often, such businesses are owned by private equity funds that need to realize on their investments within a certain time period. As Mr. Pincus notes, "Because the Canadian market values income funds and income securities primarily on the basis of their cash distributions, these structures may provide a more attractive exit option than a private sale or a conventional IPO."
