American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures T.HOT.DB.V

Gift for us long time holders

[divime1]

 In addition, the Board also approved the payment of our deferred March 2020 distribution on December 31, 2021."

They were paying 3.8 cents US in March 2020

[perplexed01]

any idea if this deferred divy will be paid to shareholders of record back then or shareholders now as of a new record date not yet declared?

[CashHungry]

It's not a gift It's an obligation. They would have sued if they did not pay it before reinstating the dividend as the dividend was declared and payment suspended after the ex dividend date. Obviously shareholders that did hold shares during that period will not be entitled to the dividend

[CashHungry]

...I meant to write shareholders who did 'Not' own shares during that period will not be entitled to the dividend

[perplexed01]

ty for explaining about the deferred divy..  makes sense.  anyway great that divy will start next year.  maybe next year the SP will recover too

[ckwong]

There are two transactions here that I would like to split the hair. 1. Deferred distribution. The payment for March 2020 was deferred. If you did not registred as owner before the Mar 2020 ex-div date, you will not entitle to. If you do, it will be paid Dec this year whether you own it now or not. It is like preferred share with dividend deferred feature. The company write an IOU and it will be

[Golfdaddy55]

ckwong The answer to tax question one is 2021. As individuals we pay tax on the year we receive the dividend.  Interesting side bar is what if the shares were owned in an account that no longer exists? I have switched investment advisors and the accounts that I held the stock in March 2020 don't exist anymore.  Cheers and be safe

[jenksh]

Dividend received in a TFSA. SUBJECT TO 15% WITHHOLDING TAX. our tax treaty with US exempts Retirement Registed accounts only. Treaty does not apply to TFSA. TD Waterhose did not include the tax on 40% of AHIF 2018 dividends as a return of capital No way to recover the tax on the remaining 60%.

[jenksh]

Your new broker would have recorded the transfer of all shares.  If the AHIF shares were sold, the new broker will credit your account and issue a receipt for the year divi received.