1.   An income trust distributes any cash not needed to run the business to its shareholders.

2.   As an income trust, cash from the company will flow through to unitholders.

3.   As an income trust, cash from the operation will flow through to the unit holders.

4.   Loram Corp., a closely held Calgary, Alberta-based company, said it filed a preliminary prospectus to sell Manalta into an income trust.

5.   Some trust institutions, including PNC Bank and Wilmington Trust, are using unitrust laws to convert old-fashioned income trusts into accounts that pay out a total return.

6.   The offering is similar to the Luscar Coal Inc. offering last year, which sold the assets of another Canadian coal-mining company into an income trust.