QUOTE:

“We are calling for a moratorium on any further conversions...There needs to be a study assessing how the government purse and investing patterns will be affected before any more companies are allowed to proceed...they lack transparency and accountability.”

The concern is that many income trusts are being overvalued, that there is a gap between what they actually hold and what they are committed to paying out...If we tighten the rules up a bit, we could play a role in protecting people.

FROM: Tavia Grant and Roma Luciw
For the Globe & Mail
in Report on Ottaw Press Conference