While many feared the coming income taxes on Canadian royalty income trusts would drive them out of the M&A marketplace, one year later RITs are alive and active, says Alan Tambosso, president of Calgary-based M&A advisor Sayer Energy Advisors. The new tax law was proposed in 2006 and will take effect with the 2011 tax year. Although the value of transactions involving the royalty trusts is down, they have been active acquirers in 2007. Since the tax announcement, 18 trusts have announced asset and corporate acquisitions. Please contact custserv@hartenergy.com with any questions, or call 713-260-6442.
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