Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Canadian Oil Sands Trust Falls After Dividend Cut

Dec. 3 (Bloomberg) -- Canadian Oil Sands Trust, the biggest owner of the Syncrude Canada Ltd. venture, plunged after it said it will cut its dividend 60 percent. The trust, which will convert to a corporation next year, said in a statement it plans to pay shareholders a dividend of 20 cents a share for the first quarter. As a trust, Canadian Oil Sands had a quarterly cash distribution of 50 cents.

Canadian Oil Sands fell C$3.31, or 11.7 percent, to C$25.10 as of 4:17 p.m. on the Toronto Stock Exchange.

To contact the reporter on this story: Gene Laverty in Charlotte at

To contact the editor responsible for this story: Susan Warren at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.