FR - This REIT Is A Prime-Time Takeover Target
It’s been a while — over three years actually — since I published an update on WPT Industrial (TSX: WIR.U) (OTCQX:WPTIF), this Canadian-based Industrial REIT that invests ONLY in US properties (unique to other Canadian-based REITs, because WPT prices its shares in U.S. dollars).
In general, income distributions from WPT to a U.S. unitholder will not be subject to Canadian withholding provided the unitholder is a qualifying resident of the U.S. for purposes of the Canada-U.S. Tax Treaty.
Similarly, return of capital distributions to a U.S. unitholder will not be subject to Canadian