Loading ...Well I remember the Canadian Oil & Gas trusts in the early 2000’s.
Originally created to give ordinary Canadians an opportunity to participate in the natural resource wealth of Canada – they paid HUGE dividends ….MONTHLY. When they caught on with the public the share price also took off. It was wonderful.
Everything was cool until one day – the Halloween Massacre it was called. The Canadian Gov’t announced a decision to change the tax structure. It destroyed those companies. they have not recovered.