Taxation in Canada

CPABC: Help British Columbians understand 2020 tax changes

Retrieved on: 
Thursday, February 4, 2021
Certified Public Accountant, Tax Day, Tax, Income tax in the United States, Accountant, Taxation in Canada, Professional accounting bodies

VANCOUVER, British Columbia, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Tax season is in full swing, which means British Columbians are likely trying to make sense of the new tax changes for the 2020 tax year.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Tax season is in full swing, which means British Columbians are likely trying to make sense of the new tax changes for the 2020 tax year.
  • With the COVID-19 pandemic and various resulting government supports, there were many changes that may affect an individuals income tax return.
  • To help British Columbians navigate through the tax season and create an effective tax strategy, the Chartered Professional Accountants of British Columbia (CPABC) will be hosting a virtual financial literacy session as a free public service to individuals.
  • If you are interested in picking up any digital content or speaking with a CPA expert on the tax changes in 2020, please contact [email protected] .

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

Retrieved on: 
Monday, February 1, 2021
Income tax in the United States, Income tax, Taxation in Canada, Institutional investors, Taxation in Australia, Money, Finance, Financial ratios, Economy, Capital gains tax

There can be no assurance that all distributions paid by these Funds will be exempt from federal income taxes or applicable state or local income taxes.

Key Points: 
  • There can be no assurance that all distributions paid by these Funds will be exempt from federal income taxes or applicable state or local income taxes.
  • The tax treatment and characterization of a Fund's distributions may vary significantly from time to time because of the varied nature of the Fund's investments.
  • As with any stock, the price of a Funds common shares will fluctuate with market conditions and other factors.
  • PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world.

City Office REIT Announces Tax Treatment of 2020 Distributions

Retrieved on: 
Monday, February 1, 2021
Commercial Building & Real Estate, Construction & Property, REIT, Real estate investment trust, Taxation in Canada, Companies, Welltower, Morguard

City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating high-quality office properties located in leading markets in the Southern and Western United States.

Key Points: 
  • City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating high-quality office properties located in leading markets in the Southern and Western United States.
  • City Office currently owns or has a controlling interest in 5.8 million square feet of office properties.
  • Additional information about City Office is available on the Companys website at www.cityofficereit.com .
  • The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.

Ellington Financial Inc. Announces the Income Tax Treatment of its 2020 Distributions

Retrieved on: 
Monday, February 1, 2021
Commercial Building & Real Estate, Construction & Property, Finance, Banking, REIT, Professional services, Other Construction & Property, Other Professional Services, Residential Building & Real Estate, Articles, Economy, Corporate tax, Tax, Forward-looking statement, Dividend, Business, Taxation in the United Kingdom, Taxation in Canada, Taxation in the United States

No portion of the Company's 2020 distributions is expected to consist of unrelated business taxable income (UBTI), which is subject to special tax reporting for certain tax exempt investors, or is expected to consist of excess inclusion income.

Key Points: 
  • No portion of the Company's 2020 distributions is expected to consist of unrelated business taxable income (UBTI), which is subject to special tax reporting for certain tax exempt investors, or is expected to consist of excess inclusion income.
  • This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
  • Examples of forward-looking statements in this press release include, without limitation, statements regarding the expected tax treatment of the Companys dividends.
  • Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.

Angel Oak Financial Strategies Income Term Trust Declares February 2021 Distribution

Retrieved on: 
Monday, February 1, 2021
Finance, Consulting, Banking, Accounting, Professional services, Finance, Money, Dividends, Ex-dividend date, Investment funds, Exchange-traded funds, Taxation in Canada, Investment, State Street Global Advisors

Angel Oak Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.1085 per share for the month of February 2021.

Key Points: 
  • Angel Oak Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.1085 per share for the month of February 2021.
  • The record date for the distribution is February 12, 2021, and the payable date is February 26, 2021.
  • The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned.
  • 2021 Angel Oak Capital Advisors, which is the investment adviser to the Angel Oak Financial Strategies Income Term Trust.

Angel Oak Dynamic Financial Strategies Income Term Trust Declares February 2021 Distribution

Retrieved on: 
Monday, February 1, 2021
Professional services, Other Professional Services, Finance, Consulting, Banking, Accounting, Finance, Money, Investment funds, Exchange-traded funds, Taxation in Canada, Investment, State Street Global Advisors

Angel Oak Dynamic Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol DYFN, today declared a distribution of $0.1228 per share for the month of February 2021.

Key Points: 
  • Angel Oak Dynamic Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol DYFN, today declared a distribution of $0.1228 per share for the month of February 2021.
  • The record date for the distribution is February 12, 2021, and the payable date is February 26, 2021.
  • The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned.
  • 2021 Angel Oak Capital Advisors, which is the investment adviser to the Angel Oak Dynamic Financial Strategies Income Term Trust.

XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Distribution of $0.073 per Share

Retrieved on: 
Monday, February 1, 2021
Banking, Professional services, Finance, Economy, Money, Finance, Financial ratios, Taxation in Canada, Common law, Equity, Inheritance, Trust law, Rate of return, Income trust, Income tax in the United States, XA Investments, XMS Capital Partners, Octagon Credit Investors

Shareholders should not assume that the source of a distribution from the Trust is net income or profit.

Key Points: 
  • Shareholders should not assume that the source of a distribution from the Trust is net income or profit.
  • The Trusts net investment income and capital gain can vary significantly over time, however, the Trust seeks to maintain more stable monthly distributions over time.
  • The Trusts final taxable income for the current fiscal year will not be known until the Trusts tax returns are filed.
  • The distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period.

New York Mortgage Trust Announces Tax Treatment of 2020 Dividend Distributions

Retrieved on: 
Friday, January 29, 2021
Shareholders, Finance, Money, Income tax in the United States, Real estate investment trust, Form, Income tax, Investment trust, Dividends, Financial economics, Corporate finance, Taxation in Canada

Section 199A Dividends are a subset of, and included in, Ordinary Dividends, which are reported in Box 1a of Form 1099-DIV.

Key Points: 
  • Section 199A Dividends are a subset of, and included in, Ordinary Dividends, which are reported in Box 1a of Form 1099-DIV.
  • New York Mortgage Trust does not provide tax, accounting or legal advice.
  • Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Companys dividend distributions and the information contained herein.
  • New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT) for federal income tax purposes.

Putnam Investments Announces Distribution Rates for Closed-End Funds

Retrieved on: 
Friday, January 29, 2021
Banking, Professional services, Finance, Finance, Money, Economy, Financial markets, Investment, Mathematical finance, Rate of return, Taxation in Canada

* Distributions may be comprised of ordinary and/or tax-exempt income, net capital gains and/or a return of capital of your investment in the Fund.

Key Points: 
  • * Distributions may be comprised of ordinary and/or tax-exempt income, net capital gains and/or a return of capital of your investment in the Fund.
  • The funds periodically provide fund-related information on their websites.
  • The following information will be available for each fund at putnam.com at the frequencies indicated: (1) Full holdings will be available monthly beginning on the 8th business day after the end of each month; (2) Top 10 holdings and additional portfolio statistics will be available monthly, approximately 15 days after month-end.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20210129005511/en/

Pioneer Floating Rate Trust Required Notice to Shareholders Sources of Distribution Under Section 19(a)

Retrieved on: 
Friday, January 29, 2021
Banking, Other Professional Services, Professional services, Finance, Finance, Money, Economy, Investment, Mathematical finance, Rate of return, Taxation in Canada, Capital gains tax, Income tax in the United States

The fund estimates that a portion of the distribution does not represent income or realized capital gains.

Key Points: 
  • The fund estimates that a portion of the distribution does not represent income or realized capital gains.
  • A return of capital distribution does not necessarily reflect the fund's investment performance and should not be considered "yield" or "income."
  • The amounts and sources of distributions reported under the notice are only estimates and are not being provided for tax reporting purposes.
  • Pioneer Floating Rate Trust is a closed-end investment company traded on the New York Stock Exchange (NYSE) under the symbol PHD.