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Features & Benefits
Tax-Efficient Income
Depending on the characteristics of income received by the trust, unitholders may receive a portion of the distributions as a return of capital under Canadian tax rules. The return of capital component reduces the adjusted cost base of the trust units for purposes of calculating capital gains tax when the units are sold. A portion of the distributions is deemed a return on capital and taxable as income.
Distribution Reinvestment Plan
Unitholders have the opportunity to elect to reinvest monthly cash distributions made by the Trust in additional units and to purchase additional units for cash through participation in the Distribution Reinvestment Plan.
Distribution Enhancement
The trust can utilize its loan facility when necessary to assist in earning distributable income, as well as effecting market purchases of units and maintaining liquidity. The Trust can borrow up to an amount not exceeding 33.3% of the value of the assets within the portfolio.
TSX Listing The trust's units can be bought and sold on the TSX under the symbol BBB.un.
Mandatory Market Purchase Program To enhance liquidity and provide market support for the units, the Trust will be obligated to purchase for cancellation any units offered in the market at the then prevailing market price if the price at which units are offered for sale is less than 92.5% of the Net Asset Value per Unit, subject to some limitations. See the Trust's prospectus for details.
Eligibility For Investment
The Trust's units are considered Canadian property for RRSPs, RRIFs, DPSPs and RESPs.
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