RESEARCH ARTICLES
The placement firm, Patrick O’Callaghan and Associates and Korn/Ferry International has published a study that shows that income trust directors are receiving low pay that directors on traditional corporate boards. The study says that income trust directors earn an average of $34,823 a year compared with $54,662 at comparable corporations. That is 57% less for a trust director, despite the comparable role and responsibility when working for the trust and corporation.
Dow Jones reported that a survey of fund managers released by Merrill Lynch & Co. found that, “The proportion of fund managers wanting to see cash returned to shareholders reached a record high of 53% this month, up from 44% in December 2006.”
Mr. Werklund said in a press release that, In a sea of confusion and uncertainty, CCS Income Trust is confident that it is on solid ground. With a history of delivering value to unitholders, a phenomenal growth record and the best third quarter in history, CCS is confident the government’s “Tax Fairness Plan” won’t be derailing its growth plans.
Responses from the public consultation on trusts 2005: Tax and Other Issues Related to Publicly Listed Flow-Through Entities (Income Trusts and Limited Partnerships).
The Department began posting public responses to this consultations initiative on Thursday March 16, 2006. Additional responses will be posted in alphabetical order as soon as they are processed. By the end of 2006, the Department had not yet completed the process as it worked through from letter “a” on to build an alphabetical list of responses.