Shaken Trust

Laugh with me. Please. Or we will cry. I include Shaken Trust (October 5, 2006, Alberta Venture) here as a cautionary tale. I interviewed for it in July 2006, filed in early August, and the good people at Alberta Venture put it to bed sometime in September. It hit the stands and the web the first days of October. And then, on October 31, 2006, Minister of Finance Jim Flaherty killed the income trust sector. “It’s a sector that will come and go, but isn’t going to go away completely,” James Pasieka, a partner with the Calgary office of Heenan Blaikie LLP, says in the story. Sigh. In the year that followed, I would have several conversations with Pasieka about income trusts. I think he’s the one who coined the phrase Nightmare on Halloween to describe Flaherty’s announcement.

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