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Lanesborough Real Estate Investment Trust V.LRT.UN

Lanesborough Real Estate Investment Trust is a Canada-based real estate investment trust. The investment properties of the Company are separated into three operating segments: Fort McMurray Properties, Other Investment Properties, and Held for Sale and/or Sold Properties. Fort McMurray Properties includes eight properties. Other Investment Properties include two properties. Held for Sale and/or Sold Properties includes sold properties: five properties. The property portfolio of the Company consists of approximately 11 rental properties, encompassing 10 multi-unit residential properties, including the unsold condominium units at Lakewood Townhome.


TSXV:LRT.UN - Post by User

Lanesborough Real Estate Investment Trust
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Comment by mrtnreaon Nov 19, 2010 6:46am
297 Views
Post# 17728467

RE: RE: RE: RE: RE: RE: RE: RE: RE: Questions abou

RE: RE: RE: RE: RE: RE: RE: RE: RE: Questions abouBINGO !!!

That is what I have been trying to say. It shows up as income and you are getting a tax bill. It happened last year !!!
Mine were in  RRSP (no tax bill)
friends were in normal account ( BIG TAX BILL )

I also noted that management announced this ahead of time last year and this year and I warned in many posts this would happen again. Unfortunately it generate nay trading opportunity this year like it did last year.

CALL IR for clarification .... but you are paying the taxes for LREIT .......................

IN APPRECIATION FOR THE FINE JOB THEY ARE DOING !!

Now if they could spend a little more time re-negotiating their contract with Shelter and less on passing the tax buck ..... we might have something here.

Mrtnrea

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Dealroom for high-potential pre-IPO opportunities
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