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The DRIP provided efficient and cost-effective equity to support the Trust's financing strategy. However, with its current liquidity and Normal Course Issuer Bid, the Trust no longer requires this source of funding. The Trust may reinstate the DRIP in the future if required to fund new investing activities. For more information on the Normal Course Issuer Bid, please see the information under the heading “Strategy for Growth-Normal Course Issuer Bid” in the Trust’s Renewal Annual Information Form, dated February 15, 2008, a copy of which may be found on our website at http://www.boardwalkreit.com/BwalkREIT_AIF2008.pdf.
The suspension of the DRIP does not affect regular distributions and Unitholders will continue to receive the regular distribution as declared.
Unitholders must consider the tax consequences of their past participation in the DRIP and the disclosure below should assist Unitholders in this regard.
Canadian Federal Tax considerations for DRIP participants
Electing distribution reinvestment option
Unitholders must consider the tax consequences of their past participation in the DRIP. Generally, where Participants elect to accumulate additional Units under the distribution reinvestment plan, the Participants reinvest their distributions in additional Units at approximately 97% of the Average Market Price. (A copy of the DRIP can be found on the Trust’s website at http://boardwalkreit.com/BoardwalkDRIP-June2004.pdf for a description of the Plan.)
The Canada Revenue Agency (the "CRA") generally takes the position that under a DRIP where the fair market value of the Units acquired exceeds the purchase price, the difference is a benefit and must be included in the Participant's income for tax purposes. The cost of the Units acquired under the DRIP is the amount reinvested plus the amount of the benefit. The units acquired under the DRIP must be averaged with the cost of all other Units the Participant holds for the purpose of determining the adjusted cost base of all the Participant's Units. Capital gains or losses arising on a disposition of the Participant's Units will be measured by reference to the adjusted cost base of all the Participant's Units.
2010 Boardwalk REIT Distribution Summary
Click "Month" column for Monthly Distribution Press Release.
Month |
Per Unit |
Annualized |
Record Date |
Payable Date |
|---|---|---|---|---|
$0.15 |
$1.80 |
Apr 30, 2010 |
May 17, 2010 |
|
$0.15 |
$1.80 |
Mar 31, 2010 |
Apr 15, 2010 |
|
$0.15 |
$1.80 |
Feb 26, 2010 |
Mar 15, 2010 |
|
$0.15 |
$1.80 |
Jan 31, 2010 |
Feb 15, 2010 |
2009 Boardwalk REIT Distribution Summary
Click "Month" column for Monthly Distribution Press Release.
Month |
Per Unit |
Annualized |
Record Date |
Payable Date |
|---|---|---|---|---|
$0.15 |
$1.80 |
Dec 31, 2009 |
Jan 15, 2010 |
|
$0.15 |
$1.80 |
Nov 30, 2009 |
Dec 15, 2009 |
|
$0.15 |
$1.80 |
Oct 30, 2009 |
Nov 16, 2009 |
|
$0.15 |
$1.80 |
Sep 30, 2009 |
Oct 15, 2009 |
|
$0.15 |
$1.80 |
Aug 31, 2009 |
Sep 15, 2009 |
|
$0.15 |
$1.80 |
Jul 31, 2009 |
Aug 17, 2009 |
|
$0.15 |
$1.80 |
Jun 30, 2009 |
Jul 15, 2009 |
|
$0.15 |
$1.80 |
May 29, 2009 |
Jun 15, 2009 |
|
$0.15 |
$1.80 |
April 30, 2009 |
May 15, 2009 |
|
$0.15 |
$1.80 |
March 31, 2009 |
April 15, 2009 |
|
$0.15 |
$1.80 |
February 27, 2009 |
March 16, 2009 |
|
$0.15 |
$1.80 |
January 30, 2009 |
February 16, 2009 |
2008 Boardwalk REIT Distribution Summary
Click "Month" column for Monthly Distribution Press Release.
Month |
Per Unit |
Annualized |
Record Date |
Payable Date |
|---|---|---|---|---|
$0.1500 |
$1.80 |
December 31, 2008 |
January 15, 2009 |
|
$0.1500 |
$1.80 |
November 28, 2008 |
December 15, 2008 |
|
$0.1500 |
$1.80 |
October 31, 2008 |
November 17, 2008 |
|
$0.1500 |
$1.80 |
September 30, 2008 |
October 15, 2008 |
|
$0.1500 |
$1.80 |
August 29, 2008 |
September 15, 2008 |
|
$0.1500 |
$1.80 |
July 31, 2008 |
August 15, 2008 |
|
$0.1500 |
$1.80 |
June 30, 2008 |
July 15, 2008 |
|
$0.1500 |
$1.80 |
May 30, 2008 |
Jun 16, 2008 |
|
$0.1500 |
$1.80 |
Apr 30, 2008 |
May 15, 2008 |
|
$0.1500 |
$1.80 |
Mar 31, 2008 |
April 15, 2008 |
|
$0.1500 |
$1.80 |
Feb 29, 2008 |
Mar 17, 2008 |
|
$0.1500 |
$1.80 |
Jan 31, 2008 |
Feb 15, 2008 |
2007 Boardwalk REIT Distribution Summary
Click "Month" column for Monthly Distribution Press Release.
Month |
Per Unit |
Annualized |
Record Date |
Payable Date |
|---|---|---|---|---|
$0.1500 |
$1.80 |
Dec 31, 2007 |
Jan 15, 2008 |
|
$0.1500 |
$1.80 |
Nov 30, 2007 |
Dec 17, 2007 |
|
$0.1333 |
$1.60 |
Oct 31, 2007 |
Nov 15, 2007 |
|
$0.1333 |
$1.60 |
Sep 28, 2007 |
Oct 15, 2007 |
|
$0.1333 |
$1.60 |
Aug 31, 2007 |
Sep 14, 2007 |
|
$0.1333 |
$1.60 |
Jul 31, 2007 |
Aug 15, 2007 |
|
$0.1333 |
$1.60 |
Jun 29, 2007 |
Jul 16, 2007 |
|
$0.1333 |
$1.60 |
May 31, 2007 |
Jun 15, 2007 |
|
$0.1233 |
$1.48 |
Apr 30, 2007 |
May 15, 2007 |
|
$0.1233 |
$1.48 |
Mar 30, 2007 |
Apr 16, 2007 |
|
$0.1233 |
$1.48 |
Feb 28, 2007 |
Mar 15, 2007 |
|
$0.1233 |
$1.48 |
Jan 31, 2007 |
Feb 15, 2007 |
2006 Boardwalk REIT Distribution Summary
Click "Month" column for Monthly Distribution Press Release.
Month |
Per Unit |
Annualized |
Record Date |
Payable Date |
|---|---|---|---|---|
$0.1233 |
$1.48 |
Dec 29, 2006 |
Jan 15, 2007 |
|
$0.123 |
$1.48 |
Nov 30, 2006 |
Dec 15, 2006 |
|
$0.105 |
$1.26 |
Oct 31, 2006 |
Nov 15, 2006 |
|
$0.105 |
$1.26 |
Sep 29, 2006 |
Oct 16, 2006 |
|
$0.105 |
$1.26 |
Aug 31, 2006 |
Sep 15, 2006 |
|
$0.105 |
$1.26 |
Jul 31, 2006 |
Aug 15, 2006 |
|
$0.105 |
$1.26 |
Jun 30, 2006 |
Jul 17, 2006 |
|
$0.105 |
$1.26 |
May 31, 2006 |
Jun 15, 2006 |
|
$0.105 |
$1.26 |
Apr 28, 2006 |
May 15, 2006 |
|
$0.105 |
$1.26 |
Mar 31, 2006 |
Apr 17, 2006 |
|
$0.105 |
$1.26 |
Feb 28, 2006 |
Mar 15, 2006 |
|
$0.105 |
$1.26 |
Jan 31, 2006 |
Feb 15, 2006 |
2005 Boardwalk REIT Distribution Summary
Click "Month" column for Monthly Distribution Press Release.
Month |
Per Unit |
Annualized |
Record Date |
Payable Date |
|---|---|---|---|---|
$0.105 |
$1.26 |
Dec 30, 2005 |
Jan 16, 2006 |
|
$0.105 |
$1.26 |
Nov 30, 2005 |
Dec 15, 2005 |
|
$0.105 |
$1.26 |
Oct 31, 2005 |
Nov 15, 2005 |
|
$0.105 |
$1.26 |
Sep 30, 2005 |
Oct 17, 2005 |
|
$0.105 |
$1.26 |
Aug 31, 2005 |
Sep 15, 2005 |
|
$0.105 |
$1.26 |
Jul 29, 2005 |
Aug 15, 2005 |
|
$0.105 |
$1.26 |
Jun 30, 2005 |
Jul 15, 2005 |
|
$0.105 |
$1.26 |
May 31, 2005 |
Jun 15, 2005 |
|
$0.105 |
$1.26 |
Apr 29, 2005 |
May 13, 2005 |
|
$0.105 |
$1.26 |
Mar 31, 2005 |
Apr 15, 2005 |
|
$0.105 |
$1.26 |
Feb 28, 2005 |
Mar 15, 2005 |
|
$0.105 |
$1.26 |
Jan 31, 2005 |
Feb 15, 2005 |
2004 Boardwalk REIT Distribution Summary
Click "Month" column for Monthly Distribution Press Release.
Month |
Per Unit |
Annualized |
Record Date |
Payable Date |
|---|---|---|---|---|
$0.105 |
$1.26 |
Dec 31, 2004 |
Jan 17, 2005 |
|
$0.105 |
$1.26 |
Nov 30, 2004 |
Dec 15, 2004 |
|
$0.103 |
$1.24 |
Oct 29, 2004 |
Nov 15, 2004 |
|
$0.103 |
$1.24 |
Sep 30, 2004 |
Oct 15, 2004 |
|
$0.103 |
$1.24 |
Aug 31, 2004 |
Sep 15, 2004 |
|
$0.103 |
$1.24 |
Jul 30, 2004 |
Aug 16, 2004 |
|
$0.103 |
$1.24 |
Jun 30, 2004 |
Jul 15, 2004 |
|
$0.103 |
$1.24 |
May 31, 2004 |
Jun 15, 2004 |
* On May 3, 2004, Boardwalk Equities Inc. converted
into a Real Estate Investment Trust (REIT).
Boardwalk R.E.I.T. Contact Information
|
Boardwalk Head Office |
Zoe Geddes-Soltess
|
David McIlveen
|
Distribution Reinvestment Plan ("DRIP")
To encourage participation and reward unitholders,
investors registered in the Distribution Reinvestment Plan ("DRIP")
will continue to receive a "bonus" distribution of additional
Trust Units representing 3% of the amount of their cash
distributions reinvested pursuant to the Plan.
