Financial Services >> Analyst Interviews >> December 20, 1999

Canadian Income Funds : Hugh M. Scott – Macdougall, Macdougall & Mactier

HUGH M. SCOTT is a Senior Research Analyst with MacDougall, MacDougall & MacTier, Inc., specializing in the Canadian telecommunications services industry. A Chartered Financial Analyst, Mr. Scott holds a Bachelor's degree in Statistics from the University of Western Ontario. He has also studied Economics, Mathematics, and Pure and Applied Science at the College Jean de Brebeuf, Champlain Regional College, Bishop's College School, and Lower Canada College. His interests include a wide variety of summer and winter sports, music, and novels. Profile
TWST: First of all, would you give us a definition? What is an income

fund or royalty trust?

Mr. Scott: An income fund or royalty trust is usually a depleting asset

of some sort that