Within the income trust category our investment advisors seek out business, real estate and royalty trusts that offer distribution stability as well as an element of modest growth over time. The advisors may invest in large, liquid and mature trusts when distribution stability is of greater importance to a client, and conversely may sacrifice some elements of stability when growth in unit values is of a higher priority. We offer a range of alternatives in this category investing in both company specific unit trusts and in certain closed-end products if discounts to net asset value are available.