RE:RE:RE:RE:RE:Beautiful!1. Correct regarding income classification - perhaps not all, but most of it will be classified as a capital gain. Per the PR: "The special distribution is being made primarily to distribute to unitholders a portion of the capital gain realized by Allied during the 12-month period ending December 31, 2023, from the sale of the UDC portfolio. Accordingly, the special distribution will be in the form of a capital gain for income tax purposes."
Incorrect regarding classification of normal monthly distribution - this is a Trust, not a corporation - therefore, distribution is not dividend income for tax purposes - you should be able to find the historical breakdown by year on the Allied website.
2. incorrect - assuming normal distribution is mostly rental income, this would be taxed fully, special distribution assuming capital gain is 50% taxable.
correct - capital gains can be offset by capital losses. Normal income cannot be offset by capital losses.
3. Return is optimal in a registered account. Outside of registered accounts, you would have to determine the tax burden in connection to the $5 and weigh it against the 48 cents of cash.
obviously not advice, but I hope this helps.