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Freegold Intersects 2.72 g/t Au over 139.9 metres at Golden Summit (click to learn more)
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Canadian Apartment Properties Real Estate Investment Trust T.CAR.UN

Alternate Symbol(s):  CDPYF

Real Estate REIT - Residential
Canadian Apartment Properties Real Estate Investment Trust is a Canada-based provider of rental housing. The Company owns and manages interests in multiunit residential rental properties, including apartments, townhomes and manufactured home communities (MHC), principally located in and near urban centers across Canada. The Company owns approximately 63,400 residential apartment suites, town homes and manufactured home community sites located across Canada and the Netherlands. The Company’s objectives are to maintain a focus on maximizing occupancy and responsibly growing occupied average monthly rent (Occupied AMR) in accordance with local conditions in each of its markets; grow FFO per unit, sustainable distributions and NAV per unit by actively managing its properties; invest capital within the property portfolio and adopt edge technologies and solutions; and maintain financial management.


TSX:CAR.UN - Post by User

Canadian Apartment Properties Real Estate Investment Trust > Looking good !!
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Comment by wkrpradioon Jan 18, 2025 1:11pm
9 Views
Post# 36410411

RE:RE:RE:Looking good !!

RE:RE:RE:Looking good !!
DanielDarden wrote:
Ocalaman wrote: I have to admit I am baffled by the special distribtion caused by the statement in the announcement below, it looks to me that they will pay the distribution in shares, award them then revert holdings back to before they issued the SD, rendering the SD mute.

Would appreciate feedback from anyone 

Immediately after the payment of the CAPREIT Special Distribution, the issued and outstanding Units of CAPREIT will be consolidated such that the aggregate number of issued and outstanding Units will be the same as immediately before the CAPREIT Special Distribution. 

This is happening because the tax liability must be passed on to the unitholders. They have chosen the non-cash route to maintain the cash on the balance sheet rather than pay it out. Anybody holding in a taxable account (non-registered) will receive a T3 which will include the non-cash amount.

Holders should maintain a record to avoid double taxation as any future capital gain should reflect the higher ACB. 

Best of the Season

Are they using Bernie Madoff's former accoutant for this shell game ?
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Dealroom for high-potential pre-IPO opportunities