Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.G

dividende payout

[Hich1205]

extract from the F/S
The Fund is a mutual fund trust and a specified investment flow-through trust (“SIFT”) for income tax purposes. The Fund is subject to current income taxes at the top marginal tax rate applicable to individuals of approximately 53.5% on all taxable income not distributed to Unitholders.

At current payout level, I am not sure that che.un is distributing all of its taxable income. It will be weir if the management choose to pay 53.5% of income taxes just to avoid increasing the dividend

[fridayLake73]

There appears to be difference in opinions, Is the cash distribution eligible for dividend tax rebate?

[Hich1205]

NOPE, you will see it in you T3, it's other revenus + other foreign revenus, all taxable with no tax credit

[Red_Deer]

Hey HICH__There Has ALWAYS ALSO BEEN a Small Non-Eligible DIVIDEND__Which Has a SMALLER Dividend Tax CREDIT Than ELIGIBLE Dividends