Post by
CuriousBill on Mar 15, 2024 2:12pm
Special Dividend received March 8, 2024
TORONTO, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (“Allied”)(TSX: “AP.UN”) announced today that the Trustees of Allied have declared a special distribution of $5.48 per unit, comprised of $0.48 per unit payable in cash and $5.00 per unit payable by the issuance of units of Allied to unitholders of record as at December 29, 2023.
My bank has increased my Book cost by $5 / share in my RRSP account because of this. Can anybody explain why they would show this as this is a non taxable account?
Comment by
BlueJay2020 on Mar 15, 2024 8:33pm
Err... because that's the correct adjusted tax base? Just because it has no tax impact in this case doesn't affect that.
Comment by
nedstar71 on Mar 21, 2024 12:15am
So basically I have $5 per share in taxable capital gains on this for 2023 and they gave me 48 cents to help cover the taxes. Even taxed at half the rate I'll owe another 20 or 30 cents a share. Not a big fan of this manoeuvre in a year where I already booked high capital gains an income. I could stomach it more if the stock price wasn't weak.
Comment by
rabnud on Mar 28, 2024 12:29pm
also you could sell off the amount of shares u recived pay the tax and keep the cash as its all free money
Comment by
nedstar71 on Mar 28, 2024 3:29pm
No, you get no shares, just the 48 cents per share, the tax bill, and the advantageous (higher) cost base.
Comment by
rabnud on Apr 02, 2024 10:47am
??? OK whats does this mean then?? Allied have declared a special distribution of $5.48 per unit, comprised of $0.48 per unit payable in cash and $5.00 per unit payable by the issuance of units of Allied to unitholders of record as at December 29, 2023.
Comment by
nedstar71 on Apr 02, 2024 3:51pm
Rabdud I think you put your curse on this one. Worst performing Reit of the bunch in the past 3 months by a wide margin and down a lot again today
Comment by
rabnud on Apr 02, 2024 10:26pm
are you feeling OK You said no free shares were issued I clearly showed they were and then you come back to me and say RE:RE:RE:RE:Special Dividend received March 8, 2024 "No, you get no shares, just the 48 cents per share, the tax bill, and the advantageous (higher) cost base."
Comment by
rabnud on Apr 03, 2024 10:16am
the only report i read was quote::: 2023-12-15 12:27:00 GMT *DJ Allied Properties Special Distribution of C$5.48 Per Unit, Comprised of C$0.48 Per Unit Payable in Cash and C$5.00 Per Unit Payable by the Issuance of Units of Allied to Unitholders of Record as at Dec 29 >AP.UN.T so where did the $5 per unit end up??
Comment by
nedstar71 on Apr 03, 2024 10:26am
In one's taxable captial gains only, and raising one's cost base going forward. I give up, not worth my time. If you aren't capable of deciphering the news release I provided on the matter there's no point in explaining it further. While it's a little convoluted, I've dumbed it down as much as possible. Stick to GIC's. Byeeeee.
Comment by
rabnud on Apr 03, 2024 12:20pm
All iever read was " Payable in Cash and C$5.00 Per Unit Payable by the Issuance of Units of Allied to Unitholders of Record as at Dec 29 >AP.UN.T this statement certainly made it look like the money went to buying more shares ?
Comment by
masfortuna on Apr 05, 2024 4:55pm
No. It's a tax issue. When they sold the property, the profit is liable to capital gains. So they offset that liability on the shareholder. That's it.
Comment by
rabnud on Apr 07, 2024 10:15am
I see that sucks I have a private reit i have been in for years (there the best) however they never stole the cash like AP did but forced a large Capitol gain on us as more shares ;;I told them next time i want the option to take the cash and believe it or not that was what they offered this time around; cash or more shares ;;I took the cash
Comment by
rabnud on Apr 07, 2024 3:08pm
however last 2 days of market it sure rallied for me
Comment by
spacegimp on Mar 16, 2024 7:27am
Yup I had the same jump in acb show up , maybe some day it will be useful