Post by
Aminvestor1234 on Nov 03, 2017 12:00pm
Not easy to get on board
Good fundamentals. Trying to take a small position in this REIT. No success thus far. The thin trading and wide spread is a concern.
Comment by
maypeters on Nov 03, 2017 12:47pm
got to put in a low bid and hope someone sells out. Trading is definitly thin. Gets yanked around quite a bit now days.
Comment by
Aminvestor1234 on Nov 03, 2017 1:49pm
The problem with putting in a low bid is I always ended up with just a portion of the order filled. So I have to pay commission many times over. Also a thin trading stock like this, I may have problem getting out at a fair price.
Comment by
Aminvestor1234 on Nov 07, 2017 12:24pm
My mistake. I was looking at the US listing. On TSXV trading volume and spread are actually pretty good and it's easy to pick up shares.
Comment by
TimeBuilder on Nov 11, 2017 1:26pm
Note you must remember....THAT....CDN investors will experience a USA WithholdingTAX on the monthly distribution IF held in their CASH or TFSA accounts.....FYI: We only hold RUF.UN.T in our RRIF and RRSP accounts to aviod this USA tax. Regards to ALL Old & New Investors, TimeBuilder
Comment by
Aminvestor1234 on Nov 14, 2017 4:29pm
TimeBuilder: What if the shares are RUF.UN purchased from the TSXV, are the monthly distributions subject to withholding tax?
Comment by
maypeters on Nov 14, 2017 5:31pm
It is the kind of account that you purchase the shares in that matters more than the actual exchange. The reason that there is a with-holding tax by IRS is because 100% of the revenue from RUF.UN is from the US. 25% of the distribution is a ROC. If held in taxable accounts - you will get a T5013 - Statement of Partnership income.
Comment by
Aminvestor1234 on Nov 14, 2017 8:15pm
Sounds awfully complicated for my small investment. Although the distribution is 6%, but after taking into account the 25% withholding and 25% of ROC, the net return is only 3%. No longer all that attractive.