"companies under REITs (Real-estate investment trust) usually have a policy of giving out 90% of their profits as dividends."

Complying with the 90% pay out rule, the reit company itself is exempted from paying tax ( tax free ). Investors are tax at 10% only upon receiving the Div. Only applicable to reits, and not applicable to other companies. Whether dividend is paid or not.

For sharing what i think only.

Correct me if I am wrong.

This post has been edited by SKY 1809: May 24 2009, 08:25 AM

Do not be trapped by looking at the conversion rate only . There are times on papers they look attractive ( by boosting the mother shares ) to get you to buy warrants to convert.

By the time, " they" push out the warrants , the mother share price falls.