The Calgary-based firm was the first Canadian royalty trust.

Investors seeking the high yields typically associated with the public royalty trusts are increasingly investing in private MFTs.

A royalty trust is a type of corporation, mostly in the United States or Canada, usually involved in oil and gas production or mining.

The most significant difference between Canadian and U.S. royalty trusts involves their legal status in their respective countries.

Through royalty trusts, he was able to substantially decrease his amount of effective reserves and avoid the difficulty of replenishing them.

It pays its dividend quarterly, unlike many of the royalty trusts, which pay monthly.

In real estate investment trusts and royalty trusts, the distributions paid often will be consistently greater than the company earnings.

It operated as an open-ended investment trust in Canada, and was one of the equities known as "Canroys" - short for "Canadian royalty trusts."

Until the end of 2010, it was one of the companies known as "Canroys" (a shortened form of "Canadian royalty trust").

This is an additional tax advantage in the United States, and applies to all royalty trusts.