We have reopened our basket of high dividend Canadian Royalty Trusts today with some bottom fishing in two names we currently like.
HTE – Harvest Energy Trust
PVX – Provident Energy Trust
We have held these in the past several times, tending to trade them without regard to holding period since the distributions (dividends) are paid monthly and are usually tax-advantaged, allowing us to pay the Long Term Capital Gains rates rather than ordinary income rates.
We will continue watching and adding to our basket as these and others we have held in the past make good technical reversals. Others we are watching for new entries are… AAV BTE ERF PDS PGH & PWE
