Income Trusts
So, I have some cash that I want to invest.
One of the income trusts that I've looked at is trading at about $11 and it pays $0.15 in distributions every month. I realize that the distributions might dip lower in future years, but at the current level and over a year, that's 16.5% in dividend payments.
Other than the taxation of income trusts similar to corporations starting in 2011, is there anything else I should be looking out for?
Does anyone else know of any income trusts with high dividend yields that I should be looking at?
What's everyone's take on this?
Has an IQ of 138, but can't figure out basic algebra.