RE:RE:RE:RE:RE:RE:RE:RE:11.00 Target ???This is per Note 24 in their audited financial statements:
"(a) Canadian taxes:
The REIT currently qualifies as a mutual fund trust and a real estate investment trust ("REIT") for Canadian income tax purposes. Under current tax legislation, income distributed annually by the REIT to unitholders is a deduction in the calculation of its taxable income. As the REIT intends to distribute all of its taxable income to its unitholders, the REIT does not record a provision for current Canadian income taxes."
So I think the REIT would offset this capital gain by any capital losses (likely None) and then pursuant to this comment, the capital gain will likely be distributed, so no concerns with that, but it is how they do it (special distribution at the end of the year, increasing regular distributions, or a mix of either), but either way, in order for a distirbution to be deductible, it must be paid.