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Bullboard - Stock Discussion Forum Summit Industrial Income REIT Unit SMMCF

Financial Services Real Estate REIT - Industrial
Summit Industrial Income REIT is a Canada-based mutual fund trust. The Trust is involved in the commercial leasing of real estate property with property locations in Ontario, Western Canada, Quebec and Atlantic Canada. The company is focused on the light industrial sector of the Canadian real estate industry.

Bullboard (OTCPK:SMMCF)

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  • bychoiceX
Comment by bychoiceon Feb 24, 2023 10:55am

RE:RE:special distribution

Unfortunately, I read your post today!! The disposition of my 1000 shares is as follows ($16 500 dividend)
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Comment by SargeXon Feb 17, 2023 1:29pm

RE:RE:RE:special distribution

Hey CSC How she go? Excellent stuff on how you have handled theSMU take-over. Totally agree that it wouldn't have been worth messing around vs your Monday sell. You actually really timed that ...more  
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(124)
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  • CanSiamCypX
Comment by CanSiamCypon Feb 17, 2023 12:52pm

RE:RE:special distribution

Hey Sarge: Sorry ... I answered bychoice before I moved up to your post .... but your analysis is spot on. As you will have read, I sold out at $23.20 on Monday ... so I could have waited until today ...more  
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(124)
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  • CanSiamCypX
Comment by CanSiamCypon Feb 17, 2023 12:44pm

RE:special distribution

bychoice: Not really sure ... but the way that they are describing the closing transaction, it sounds as if the entire $23.50 wll be classified as a cash special distribution. You will then have to ...more  
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(124)
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  • CanSiamCypX
Comment by CanSiamCypon Feb 17, 2023 12:37pm

RE:all done except for the pay-out

jj: The good news is that DIR.un (which I am also into biggly) is responding positively to the acquisition of SMU.un - helped in no small part by the flood of upward re-rates by analysts! So a win ...more  
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Comment by SargeXon Feb 17, 2023 11:44am

RE:special distribution

I was thinking of buying at $23.25 near the end of the day yesterday but wasn't sure how this was going to work today. I'm sad I didn't as SMU is obviously trading as usual today. I think ...more  
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(1)
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  • bychoiceX
Post by bychoiceon Feb 17, 2023 11:09am

special distribution

How much will this special distribution be? I hope that it is not too much or the $23.50 won't teally be $23.50 after the tax is paid on the distribution
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(51)
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  • junglejamesX
Post by junglejameson Feb 17, 2023 8:52am

all done except for the pay-out

- most likely the cash will not flow to Summit shareholders until at least 2 days after the delisting so maybe by Feb 23 it will show-up in our accounts.  Sad to see this one go (I already hold ...more  
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(7)
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  • BBAccount001X
Comment by BBAccount001on Feb 16, 2023 11:41am

RE:RE:RE:RE:RE:RE:Deal to close around Feb 17!

Thanks for the tax advice. I'm also out at 23.30
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  • CanSiamCypX
Comment by CanSiamCypon Feb 13, 2023 8:37pm

RE:RE:RE:RE:RE:Deal to close around Feb 17!

You are correct bcsc ... I was referring to the info which was shared with unitholders at the time of announcing the Arrangement ... specifically that on the closing date (now set at 17 Feb.) each ...more  
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Comment by bcscon Feb 13, 2023 1:06pm

RE:RE:RE:RE:Deal to close around Feb 17!

I believe he is refferring to the amount that will be reported as Other Income rather than Capital Gains and therefore taxed in full at your marginal rate.
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Comment by dangoodon Feb 12, 2023 1:15pm

RE:RE:RE:Deal to close around Feb 17!

I'm ready for it. I had AGF in its substantial issuer bid and Economic Investment Trust (EVT). Both triggererd substantial dividends and capital losses. Now to generate some capital gains to ...more  
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(124)
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  • CanSiamCypX
Comment by CanSiamCypon Feb 08, 2023 1:55pm

RE:RE:Deal to close around Feb 17!

Dan: I hope that you bought in a registered account - otherwise you will have an unpleasant tax surprise! Cheers!
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