Great Northern Iron Now Worth Less Than $21, Will Fall To $0 In 15 Months
After that the shares expire worthless, and thetrust's property and mineral rights pass to the reversioner, ConocoPhillips…
In short, the remaining distributions from GNIwill total approximately $20.89 ($10+$2.50+$8.39) or maybe "slightlybetter."…
A royalty trust is a type of corporation, mostly in the United States or Canada, usually involved in oil and gas production or mining. However, unlike most corporations, its profits are not taxed at the corporate level provided a certain high percentage (e.g. 90%) of profits are distributed to shareholders as dividends. The dividends are then taxed as personal income. This system, similar to real estate investment trusts, effectively avoids the double taxation of corporate income.