Brookfield Canada Office Properties is a publicly traded real estate investment trust. Common units began trading on the Toronto Stock Exchange on May 25, 2010 under the stock symbol: BOX.UN and on the New York Stock Exchange on January 9, 2012 under the stock symbol: BOXC.
Tax Treatment of 2012 Distributions
For 2012 distributions on trust units of BOX.UN, 22.5%% of distributions are taxable income, with the balance being a return of capital.
This reporting complies in aggregate with the new U.S. tax reporting under Section 6045B of the Internal Revenue Code and is based on information available to date.
The Board of Trustees of Brookfield Canada Office Properties has declared an 8% increase to the yearly distribution per trust unit from $1.08 to $1.17, effective with the distribution payable on October 15, 2012 to holders of trust units of record at the close of business on September 28, 2012. Distribution payment on trust units is reviewed quarterly by the Trustees to assess the appropriateness of the distribution in light of changes to reported cash-flow.
Unitholders resident in Canada will receive payment in Canadian dollars and
unitholders resident in the United States will receive their distributions in
U.S. dollars at the exchange rate on the record date, unless they elect
Dividend Reinvestment Plan (DRIP)
We are pleased to offer a Dividend Reinvestment Plan (DRIP) to provide unitholders with a convenient and cost-effective way to increase their investment in Brookfield Canada Office Properties.
The plan gives you the option of automatically reinvesting all or a portion of your cash distributions in Trust Units. Regardless of which option you choose, you will not pay any brokerage commissions or service charges. These costs are paid by us.
The accompanying materials provide you with a full description of the DRIP and enrollment procedures. You should read this material carefully before making any enrollment decision. You should also consult your tax advisers about the tax consequences which will result from your participation in the DRIP.
If you wish to enroll in the DRIP, simply complete the participation enrolment form
and return it as instructed.
The administrator of the DRIP, Canadian Stock Transfer Company Inc., is happy to answer any questions you have and can be reached at (416) 682-3860
in Toronto, or toll-free at (800) 387-0825
from elsewhere in Canada or the United States.