RE: RE: RE: As a potential value/income investor..From the last financials
"Distributions
The Trust makes distributions on its units in accordance with the Declaration of Trust, at the discretion
of the Trustees. It is the intention of the Trust, although not a requirement, to distribute all net income
and net realized capital gains in order to eliminate Whiterock’s liability for tax under Part I of the Tax
Act. Distributions in the amount of $15,154,775 in 2009 (2008 - $12,571,210) were paid to Unitholders.
Distributable Income is defined as net income determined in accordance with Canadian generally
accepted accounting principles, subject to certain adjustments as set out in the Declaration of Trust,
including adding back amortization and excluding any gains or losses on the disposition of any asset.
Interest expense on convertible debentures for purposes of determining distributable income is
calculated based on the actual interest payable on debentures."
REITS define Depreciation as Amortization.
Gina