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H&R Real Estate Investment Trust T.HR.UN

Alternate Symbol(s):  HRUFF

H&R Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, operates and develops residential and commercial properties across Canada and in the United States. The Company operates through the four segments: Residential, Industrial, Office and Retail. The Residential segment consists of approximately 24 residential properties in select markets in the United States and portfolio comprised of 8,166 residential rental units. The Industrial segment consists of 69 industrial properties in Canada and three properties in the United States comprising 8.7 million square feet. The Office segment consists of 18 properties in Canada and five properties in select markets in the United States, aggregating 5.8 million square feet. The Retail segment consists of 38 properties in Canada, which are grocery-anchored and single-tenant properties, as well as five automotive-tenanted retail properties and one multi-tenant retail property in the United States.


TSX:HR.UN - Post by User

Comment by materialsgirlon Jan 17, 2023 4:37pm
116 Views
Post# 35229168

RE:Received more than double in dividend this month vs prior?

RE:Received more than double in dividend this month vs prior?Yeah.  HR announced a phantom payout a few months ago for the purpose 
of transferring income and gains to investors.

Most of the special payout (40 or 50 cents as I recall) adds units to 
our holdings for a millisecond and then the company instantly 
consolodates and poof the units are gone as if by magic.
They are sending us 5 cents n cash as a way to help us pay the 
income tax we owe if we have a non registered account.
Phantom dividends and such are a way to legally pass on the 
taxable income directly to us and yet retain all the cash in the treasury

mat

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