Yep , what he said.
Also what are there plans for 2011 when they must convert to a corporation , what are the tax implications as well as dividend cuts , they will most likely be down to about 10% or less , still not terrible for a TFSA.
The dividend may be safe for this year so it may be a good choice for your TFSA , you can always add another $5000 worth of something else next year.
From a technical view it is well below both its 200 and 50 day moving averages showing signs of a continued decline , not a good time to buy as it may go much lower.
Personally I think this company will do OK when the economy picks up , it is probably a bargain at these prices but it may go lower yet and the conversion date is getting closer all the time.
I find it strange that a company pays out a 10 cent distribution on a $6 unit and still only pays out 10 cents when the unit price is $16 , it's good for the shareholders temporarily but is it sustainable.