CORRECTION: BOREALIS RETAIL REIT Announces Tax Treatment of 2004 Distributions.TORONTO -- Borealis Retail REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BRE (Business Rules Engine) Software that automates policies and procedures within an organization, whether legal, internal or operational. The use of a rules engine (BRE) requires placing the company rules in an external repository that can be easily reviewed rather than .UN) announces today the tax treatment of the distributions made during 2004. Total distributions paid on a unit held throughout 2004 were $1.0524, excluding the payment made on January 15, 2004 but including the payment made on January 15, 2005. The distributions are characterized char·ac·ter·ize tr.v. character·ized, character·iz·ing, character·iz·es 1. To describe the qualities or peculiarities of: characterized the warden as ruthless. 2. as 34.4% (2003 - 25.6%) "other taxable income Under the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. " and 65.6% (2003 - 74.4%) "return of capital". Borealis has filed a Statement of Trust Income Allocations and Designations with CDS and has posted this statement to the Trust's website. This statement and statements for other trusts may be viewed at www.cds.ca, by using the "Quick Links" drop down menu, clicking on "T3/T5013 Form Service", and following the instructions to navigate the website. Borealis Retail REIT is a TSX listed real estate investment trust. Borealis Retail REIT owns 9 shopping centres comprising approximately 4.55 million square feet located in Canada. As of December 31, 2004, there were 33,753,019 issued and outstanding units of the REIT. Borealis Retail REIT (TSX:BRE.UN) |
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