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

special distribution

[AndrewWiggin]

So we are going to get a special distribution of units/cash (mostly units) and after we get the units there will be a consolidation of units so we end up with the same number of units. Then we get  10 cents in cash to pay the tax we pay on the distribution of units.  This might benefit a billionaire with millions of shares but for a small investor like me it's just a pain in the @ss.

[Frankie10]

Good summary. Same as the past couple years... The millionaire is the one who is annoyed. The average Joe should hold this in a registered account, collect the 10 cents and ignore the rest.

[garyreins]

its all about your tax bracket....the 0.10 amount likely won't cover the taxes you need to pay. certainly doesn't benefit any shareholder small or large.  tfsa/rrsp its 0.10 net though and thats why I accumulated 100k in my rrsp with the intention of dumping some in my margin account when it hits a good price.  this will continue till 2026-2027 with their strategy

[spacegimp]

does this    mean  we  as unit holders will have the same number of shares  in our individual accounts but    the total number of units/shares outstanding for the HR REIT  are reduced(consolidated) ? ...so we own a slightly higher percent of  total shares   ?

[Frankie10]

No - the number of units we hold and the total units remains the same post consolidation - therefore % ownership remains the same. The tax burden is simply being transfer to the unitholders. Latent taxes at the Trust level have been realized during the year and are passed on to us the unitholders via "distribution." As a result the latent tax liability at the Trust level decreases and