Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of December, 2020 and Special Non-Cash Distribution

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[{"type":"text","content":"\n \n \n \n Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of December, 2020 and Special Non-Cash Distribution\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n TORONTO\n \n ,\n \n Dec. 16, 2020\n \n /CNW/ - Choice Properties Real Estate Investment Trust (\"\n \n Choice Properties\n \n \" or the \"\n \n Trust\n \n \") (TSX: CHP.UN) announced today that the Board of Trustees of Choice Properties declared a cash distribution for the month of\n \n December 2020\n \n of\n \n $0.061667\n \n per trust unit, representing\n \n $0\n \n .74 per trust unit on an annualized basis, payable on\n \n January 15, 2021\n \n to Unitholders of record at the close of business on\n \n December 31, 2020\n \n .\n \n \n \n \n \n \n \n \n \n \n Special Distribution\n \n \n \n Choice Properties further announced today that its Board of Trustees also declared a special non-cash distribution of\n \n $0\n \n .09 per trust unit, payable on\n \n December 31, 2020\n \n to Unitholders of record at the close of business on\n \n December 31, 2020\n \n (the \"\n \n Special Distribution\n \n \"). The Special Distribution is principally being made to distribute to Unitholders a portion of the capital gain realized by the Trust from transactions completed during the twelve-month period ended\n \n December 31, 2020\n \n . Accordingly, the Special Distribution will be in the form of a capital gain for Canadian income tax purposes.\n \n \n Canadian resident Unitholders will generally be required to include their proportionate share of the Trust's income and net taxable capital gain for the 2020 tax year as allocated and designated by the Trust in computing their respective income for the 2020 tax year.\n \n \n The Special Distribution will be paid at the close of business on\n \n December 31, 2020\n \n solely by the issuance of additional trust units that will have a fair market value equal to the dollar amount of the Special Distribution and...

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