Tax Information

Timbercreek REIT is a flow through entity which means that all income received by the Fund must flow through to investors so that it is not taxable at the Fund level. This income must also flow through to investors in the same manner that it is received by the Fund. In other words, if income is received due to a sale of an asset that resulted in a capital gain, the proceeds of this sale, if it is not reinvested into the portfolio, would be passed through to the investor as capital gain income.

Return of Capital

For tax purposes, we are allowed to amortize our assets up to a certain percentage each year and deduct this from our taxable income. Historically, the REIT has never used the full amount of amortization allowable each year and as a whole, the Trust has a high tax basis on its properties. Given the high basis, we’re comfortable the amount of amortization we claim each year is to the benefit of our unit holders.

	Capital Gain Box 21	Other Taxable Income Box 26	Return of Capital Box 42
2009		20.0%	80.0%
2008	8.6%		91.4%
2007	57.0%		43.0%
2006			100.0%
2005			100.0%

Contact Us:

Timbercreek Asset Management
1000 Yonge Street, Suite 500, Toronto, Ontario, Canada M4W 2K2