Taxation in Canada

 Franklin Limited Duration Income Trust Declares Monthly Distribution

Retrieved on: 
Tuesday, January 19, 2021

Franklin Limited Duration Income Trust [NYSE American: FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0786 per common share, payable February 12, 2021, to shareholders of record on January 29, 2021 (Ex-Dividend Date: January 28, 2021).

Key Points: 
  • Franklin Limited Duration Income Trust [NYSE American: FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0786 per common share, payable February 12, 2021, to shareholders of record on January 29, 2021 (Ex-Dividend Date: January 28, 2021).
  • The Fund adopted a managed distribution plan and will make monthly distributions to common shareholders at an annual minimum fixed rate of 10 percent, based on the average monthly net asset value (NAV) of the Funds common shares.
  • Under the managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level.
  • Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries.

Apartment Investment and Management Company Announces 2020 Dividend Income Tax Allocation

Retrieved on: 
Saturday, January 16, 2021

Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today the 2020 dividend allocation for federal income tax purposes for its Class A Common Stock.

Key Points: 
  • Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today the 2020 dividend allocation for federal income tax purposes for its Class A Common Stock.
  • Aimcos tax return for the year ended December 31, 2020 has not yet been filed.
  • As a result, the income tax character for the distributions shown below has been calculated using the best available information as of the date of this release.
  • Aimco encourages shareholders to consult with their own tax advisors with respect to federal, state and local income tax effects of these distributions.

Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution

Retrieved on: 
Thursday, January 14, 2021

The Franklin Limited Duration Income Trust [NYSE:FTF] (CUSIP 35472T101) has declared a dividend of $0.0776 per common share payable January 15, 2021, to shareholders of record as of December 31, 2020.

Key Points: 
  • The Franklin Limited Duration Income Trust [NYSE:FTF] (CUSIP 35472T101) has declared a dividend of $0.0776 per common share payable January 15, 2021, to shareholders of record as of December 31, 2020.
  • It is currently estimated that $0.0139 per share represents net investment income and $0.0637 per share represents return of principal.
  • The distribution will be calculated as 10 percent of the previous months average NAV, divided by 12.
  • Under the managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level.

Acadia Realty Trust Announces Tax Reporting Information for 2020 Distributions

Retrieved on: 
Wednesday, January 13, 2021

The fourth quarter 2019 distribution that the Company paid on January 15, 2020, to shareholders of record as of December 31, 2019, was treated as paid in 2020 for income tax purposes.

Key Points: 
  • The fourth quarter 2019 distribution that the Company paid on January 15, 2020, to shareholders of record as of December 31, 2019, was treated as paid in 2020 for income tax purposes.
  • Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Acadias distributions.
  • Beginning with the second quarter of 2020, the Board of Trustees (Board) suspended distributions to its common shares and common units, which suspension the Board continued through the fourth quarter of 2020.
  • Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual core and fund operating platforms and its disciplined, location-driven investment strategy.

First Trust Energy Income and Growth Fund Declares its Quarterly Distribution of $0.30 Per Share

Retrieved on: 
Monday, January 11, 2021

First Trust Energy Income and Growth Fund (the "Fund") (NYSE American: FEN) has declared the Fund's regularly scheduled quarterly distribution of $0.30 per share.

Key Points: 
  • First Trust Energy Income and Growth Fund (the "Fund") (NYSE American: FEN) has declared the Fund's regularly scheduled quarterly distribution of $0.30 per share.
  • The distribution will be payable on January 29, 2021, to shareholders of record as of January 25, 2021.
  • The Fund focuses on investing in MLPs and related public entities in the energy sector which the Fund's investment sub-advisor believes offer opportunities for income and growth.
  • The Fund is treated as a regular corporation, or a "C" corporation, for United States federal income tax purposes and, as a result, is subject to corporate income tax to the extent the Fund recognizes taxable income.

Certain DWS Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Friday, January 8, 2021

Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.

Key Points: 
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Closed-end funds, unlike open-end funds, are not continuously offered.
  • The price of a funds shares is determined by a number of factors, several of which are beyond the control of the fund.

Premium Income Corporation Announces Quarterly Distribution

Retrieved on: 
Tuesday, January 5, 2021

To the extent that any portion of the distributions are ordinary taxable dividends and not capital gains dividends, they will be eligible dividends.

Key Points: 
  • To the extent that any portion of the distributions are ordinary taxable dividends and not capital gains dividends, they will be eligible dividends.
  • For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at [email protected] or visit www.strathbridge.com
    Commissions, trailing commissions, management fees and expenses all may be associated with investment funds.
  • Please read the prospectus before investing.
  • Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

Retrieved on: 
Monday, January 4, 2021

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.

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

Retrieved on: 
Monday, January 4, 2021

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.

Guardian Capital Confirms Annual 2020 Special Distributions for Guardian Capital ETFs

Retrieved on: 
Thursday, December 31, 2020

Each of the Guardian Capital ETFs is required to distribute any net income and capital gains that it has earned in the year.

Key Points: 
  • Each of the Guardian Capital ETFs is required to distribute any net income and capital gains that it has earned in the year.
  • In all cases, the Special Distributions will be reinvested on or about December 31, 2020 to unitholders of record on December 30, 2020.
  • The actual taxable amounts of all distributions for the Guardian Capital ETFs for 2020, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") and will be posted on the Guardian Capital website in early 2021.
  • Guardian Capital LP is the manager and portfolio manager of the Guardian Capital Funds and each of the Guardian Capital ETFs.