By her reckoning, fully 10 of them could be damaged or blown down by the huffing and puffing of an economic downturn. Gray suggests that the selloff in U. Economic growth has slowed. Canada's gross domestic product rose at an annualized rate of just 2 per cent in the second quarter, the slowest pace in almost three years and down from 3.
GDP growth fell to 2. By Ms. Gray's reckoning, only four of the 19 trusts in the report qualify as "brick houses" able to withstand an economic downturn. They feature a cash flow coverage ratio -- the ratio of distributable cash to distributions -- of at least 1.
Canada Cartage Income Fund , a non-unionized trucking and fleet management firm. OFI Income Fund , which makes commercial insulation products. Wajax Income Fund , a diversified industrial equipment distributor. In greatest danger at the other end of the scale are six trusts that Ms. Gray says are ensconced in "straw houses at risk of collapsing, meaning they could be at risk of breaching [the]debt covenants" imposed by their banks.
Algonquin Power Income Fund. Power Generating Facilities. AltaGas Income Trust. Wind Operating Power Generating Facilities. Amtelecom Income Fund. Telephone Services. Arctic Glacier Income Fund. Packaged Ice Distributor. Armtec Infrastructure Income Fund. Drainage Pipes. Atlas Cold Storage Trust.
Avenir Diversified Income Trust. Badger Income Fund. Bell Aliant Regional Communications In. Bell Nordiq Income Fund. Waste Management Services in U. Bird Construction Income Fund. Bonnett's Energy Services Trust. Oil Drilling Services. Boralex Power Income Fund. Boston Pizza Royalties Income Fund. Brick Group The. Retail Furniture Stores. Builders Energy Services Trust. Calpine Power Income Fund. Electric Utility. Canada Cartage Diversified Income Fund. Trucking Services. Canfor Pulp Income Fund.
Paper Products. Canwest Mediaworks Income Fund. Newspaper Publisher. Cathedral Energy Services Income Trust. Oil Well Drilling Services. CCS Income Trust. Chemtrade Logistics Income Fund. Chemical Products. CI Financial Income Fund. Investment Manager. Cineplex Galaxy Income Fund. Movie Theater Operator. Clean Power Income Fund. Friendly Electric Generator. Clearwater Seafoods Income Fund. Shellfish Harvester.
Colabor Income Fund. Retail Grocery Distributor. Connors Bros. Income Fund. Produces Canned Seafood Products. Consumers' Waterheater Income Fund. Residential Water Heater Rental. Contrans Income Fund. Custom Direct Income Fund. Bank Check Printer.
Data Group Income fund. Business Form Printer. DirectCash Income Fund. ATM Transaction Processing. Duke Energy Income Fund. Smith Income Fund. Private Label Food Products. Enbridge Income Fund. Energy Savings Income Fund. Eveready Income Fund. Environmental Services. Foremost Income Fund. FP Newspapers Income Fund. Futuremed Healthcare Income Fund.
Gamehost Income Fund. Gateway Casinos Income Fund. GMP Capital Trust. The Transactions constitute "significant acquisitions" within the meaning of Part 8 of NI for which a business acquisition report is required to be filed.
Pursuant to the Long Form Prospectus Rules, the Prospectus included the following financial statement disclosure:. Compliance with the financial statement disclosure requirements under the Long Form Prospectus Rules does not necessarily satisfy the financial statement disclosure requirements under Part 8 of NI Pursuant to section 8. In the circumstances of the Transactions, the most recently completed interim period is the period ended September 30, The Prospectus included financial statement disclosure as at and for the interim periods ended June 30, Interim financial statements of Farley as at and for its interim period ended September 30, , and therefore pro forma financial statements of the Filer as at and for the same period, are not available.
0コメント