iTrust Institute

iTrust Institute

November 08, 2005 08:00 ET

Media Advisory: iTrustInstitute Roundtable-Joint Public and Business Initiative Responds To Dept. of Finance Consultation Paper on Income Trusts

TORONTO, ONTARIO--(CCNMatthews - Nov. 8, 2005) - The iTrustInstitute announced today that it is launching its Roundtable program to bring together experts, industry leaders and investors from all sides of the market. This year, participants will discuss the Canadian Department of Finance Consultation Paper on Flow-through Entities including income trusts.

The Roundtable will take place on the 14th of December at the Toronto Stock Exchange conference center in downtown Toronto.

Experts in the areas of investment, taxation, business, finance and economics will address questions and consider new issues raised by the Consultation Paper. The government has solicited the views of Canadians on key questions related to retirement savings, tax, the merits of corporations and trust securities, productivity and growth.

Subsequent to release of the Consultation, statements and actions by the government caused confusion about the future of income trust securities. This uncertainty was partially responsible for the recent precipitous decline in value of this sector in the market amounting to over more than 20 billion dollars by some estimates. The turmoil was a key catalyst for the institute to bring together all sides to gain meaningful insight on controversial topics.

This event provides a convenient forum for Canadians to express their views in a thoughtful and efficient manner. Government officials have said that they can attend. The Institute will also record the day and summarize findings for presentation to the government: Providing a formal cross-market response to its Consultation Paper.

The Roundtable Agenda is available online and will be updated as additional speakers and participants are confirmed.

As an open and inclusive exchange of diverse perspective and analysis, the Roundtable is the only event of this quality and magnitude being held in Canada.

Leslie Hayman, co-founder of iTrustInstitute and Publisher of TrustInvestor.com said, "We look forward to sharing prescient answers and developing new insights useful for informed policy making. This is where Bay Street meets Main Street. People realize that the consequences of government policies touch retirement savings as well as capital market dynamics and values."

She added, "This is not about politics. This is about creating a stable exchange where there's an attractive destination for investors and public equity issuers. We see opportunity to study income and trust principles. We can develop an efficient capital market that supports improved productivity and real growth. It's of potential benefit to all Canadians."

The iTrustInstitute is a nonpartisan, nonprofit organization dedicated to increasing the understanding and contribution by income trusts and flow-through securities to productivity and economic growth in Canada. The institute fosters equitable participation in a dynamic market place.

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