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Bullboard - Stock Discussion Forum Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Alternate Symbol(s):  ARESF | T.AX.UN | T.AX.PR.I

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into... see more

TSX:AX.PR.E - Post Discussion

View:
Post by divime1 on Jan 07, 2022 1:56pm

Has anyone received

the special distribution units yet ?
Comment by impega on Jan 07, 2022 2:57pm
Got the cash divvy today.
Comment by DZtrader on Jan 07, 2022 11:40pm
Strange that everything was't done at the same time. l do recall them saying the cash portion would be paid out "as soon as practicable" after announced payable date, whatever the heck that means. l have not received cash nor shares thus far. Can't imagine different brokerages would impact payout timing. Likely next week then if some have already received cash. Hoping for a ...more  
Comment by SNAKEYBOY on Jan 08, 2022 9:49am
Isn't the shares part a phantom distribution
Comment by Philbert77 on Jan 09, 2022 5:33pm
I am with TD Direct and still have not received anything.
Comment by CatchTheDip on Jan 09, 2022 5:44pm
No units are coming. Just 32c cash plus 5c regular distribution = 37c. I've received the 32c.
Comment by onemorespider on Jan 15, 2022 9:29am
RBC  investorline paid out the special on Jan 6 - others have received the special from TD. Where the h?ll is BMO - I received the regular divy for Jan, but no special yet. I may have to transfer all of my BMO $$. Your friendly neighbourhood web spinner!
Comment by TsiFalling on Jan 17, 2022 1:50pm
Not quite sure what you're expecting for the units: They're going to be consolidated so you end up with the same number you had before, just a different cost base.
Comment by alkhor on Jan 17, 2022 2:02pm
The unit distribution is on paper only. They don't actually distribute any units.
Comment by Qswing21 on Feb 01, 2022 11:13pm
The units distribution was for tax purposes of the capital gain ( if I recall) then they did a reverse split to eliminate the shares. The cash distribution was to cover the tax implications.
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