Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Artis Reit - Snake/Gary/et al

[Mongoose1234]

Hi Frankie,
this part requires the most 'estimation'. But there are a couple issues with estimations and mostly Artis has a lot of US holdings.
Cross boarder situations makes tax extremely complicated, this is why Artis has to do some special divided work at the year end to try and even out the taxation issues caused by US and Canadian taxes and being subject to them in each jurisdiction.
My wild guess is that with Artis, there is probably 2.50 to 3.00 (wild guess) per share with brokerage charges, commissions, taxes and applicable cross boarder tax issues. 

This is far more complex than Gary/Snakes (sell it all!) comments. 

i would say it's hard to make a good esimtate of frication costs, but i'm budgeting 20-25% IF IT ALL WAS sold. but i don't think they are going to sell it all and incur those costs. 

my guess is some assets are not sold, and spun out in the private enterprise and they managed to get the shares cheaper and own the assets and just don't have to incur the tax issues from a full sale / wind up. 

but who knows, it's not going to be cheap, it's not going to be fast, it's not going to be easy