Canadian Royalty Trusts Bounce Back

After dropping significantly in price when the Canadian government unexpectedly announced a change in their tax-exempt status, the Canadian royalty trusts have bounced off their lows. Yields of their monthly distributions have jumped so if you are willing to accept the risk that lower oil prices would reduce the distributions and cause the share prices to drop, these trusts present a buying opportunity for income investors.

Canadian Royalty Trusts
Trust	Symbol	Estimated Annual Yield	Cash Distribution 12/2006	Stock Price 12/34/2006
Enerplus Resources Fund	ERF	8.75%	$0.34	$46.62
Harvest Energy Trust	HTE	16.12%	$0.31	$23.08
Pengrowth Energy Trust	PGH	13.75%	$0.20	$17.45
Penn West Energy Trust	PWE	10.43%	$0.28	$32.22
Primewest Energy Trust	PWI	12.38%	$0.22	$21.33
Provident Energy Trust	PVX	10.60%	$0.10	$11.32
Note: Estimated annual yield is equal to the current monthly distribution multiplied by 12 divided by the stock price on December 14, 2006. Cash distributions and share prices were taken from each trust's Web site.

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December 14, 2006.