American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures T.HOT.DB.V

Alternate Symbol(s): AHOTF | T.HOT.UN

American Hotel Income Properties REIT LP is a trust that invests in hotel real estate properties. The company's primary business is owning Premium Branded hotels, which have franchise agreements with international hotel brands including Marriott, Hilton, and IHG. It generates revenue from the room, food, beverage, and other revenue. The other revenue is comprised of conference room rentals, parking revenues, and other incidental income.

TSX:HOT.DB.V - Post by User

American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures > Tax Refund?

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Comment by pierrelebelon Feb 15, 2022 9:43am

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Post# 34429507

RE:RE:RE:RE:RE:RE:RE:RE:Tax Refund?

"...a TFSA was the wrong place to hold this stock due to the higher teturn of capital portion of the distribution and that it doesn't shelter you from the U.S. withholding tax....."

That is correct.

A TFSA generally should not be used to hold foreign securities (US) since the 15% withholding tax on dividends/distribution cannot be recovered.

However, in some instances, one may decide to hold such securities (HOT.UN in this instance) on the basis that the overall return justifies the "loss" of the withholding tax. However that was a decision made in 2015 (when I purchased HOT.UN) when the REIT was very different.

I would not do it today.

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