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Argent Leads Revival of High-Yield Trust IPOs: Corporate Canada

Argent Energy Trust, seeking to buy Texas energy assets, is leading the charge of companies planning initial public offerings in a revival of what was once a C$200 billion ($197 billion) high-yield equity market in Canada.

Argent seeks to raise as much as C$213 million in an IPO this month, one of at least six companies planning to use a new corporate structure that mimics income trusts, the high-yield securities that were curtailed by the federal government in