more simple maths, page-7

The reason for the extra units on issue was due to the merging of CSF (American malls) into the CER vehicle.

Although the units issue doubled, so to did the assets of the trust when the real estate of CSF merged into CER.

This occurred in October 2007. In November 2007 (after the units doubled) the price was $1.60 +.

Therfore to answer your question, or to make a point, there the fact that the units on issued doubled does not mean we you half the high of $1.70.

Although CER has sold of some assets, it has also paid down debt. If this stock can pay a dividend of 8 cents in the next 5 years, I will be very happy indeed.