A Quick Word on Royalty Trusts

Some of you have shared your comments, thank you, on some of the royalty trusts mentioned as short-term holds. Great Northern Iron (GNI) ends its trust in 2015. This is true. We do not see it as a play longer than 12-18 months as we watch the market corrections settle in.  In fact, as opportunities arise to invest, we will be taking money out of those holding tanks and moving them into other things.   It is staying within its trading range, though, which does not indicate any immediate cause for alarm. Four years in investing cycles is quite long.

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