RE:RE:RE:LBS unit NAV droppingKnit picking posts like the one from Bloodthirsty catch me off guard. You seem to want to argue some semantic issue.
Fine, it is a distribution which is a lot like a REIT distribution. Part of it is return of capital which the receipient of the distribution does not declare as income because they are just giving you some of your money back. Part is treated as capital gains which means you are only taxed on half of the income made and the dividend part is taxed like a dividend. Depending on what kind of account it is in, it will be taxed differently.
In an RSP account, when you take it out of your RSP you will be taxed on it at full tax exposure. So you do not want this stock in your RSP. In an investment account it will be treated as I have just described above. Net result is close enough as the tax paid on it will be very similar to if it was all pure dividend income. If it is in a TFSA, it doesn't freakin matter because you don't even declare it as income.
I don't get the point of your post at all. You need to get out. The covid isolation must be getting to you.