Subject: File No. S7-35-11
From: George M Kanuch
Affiliation: Self

September 2, 2011

Speaking as a recently retired person, I am urging you to not make any changes in the current regulations concerning the Mortgage Real Estate Investment Trusts. My wife and I are living on our Social Security income plus the quarterly distribution that we get from our modest mREITs investment. Since we no longer get a cost of living increase in our yearly Social Security benefits, we really need the distribution income from our mREITs to live on.

Thank you for an opportunity to comment, and for your thoughtful consideration.

George Kanuch