Cash liquidating distribution
Accordingly, the NYSE has informed the Company that it will set an ex-dividend date for the cash liquidating distribution of , they will also be selling the due bill and will not receive the cash liquidating distribution.Conversely, anyone buying the shares between the record date and the ex-dividend date will also be acquiring the due bill and will be entitled to receive the distribution payable on to real estate funds managed by Brookfield Asset Management.
For example, a plan of liquidation documented in the corporate minutes could state that multiple liquidating distributions will occur and explain the business reasons for this. It does not extend the time in which an assessment can be made beyond three years from the date the return was filed (Regs. If the IRS assesses an additional tax liability after the assets have been divided among the shareholders, disagreements could arise regarding who is responsible for the deficiency. Shareholders that do not have a strong preference on whether distributions in 2012 are taxed as dividends or capital gain/loss may prefer sale or exchange (capital) treatment in 2012 if they: Shareholders that assume corporate liabilities or receive property subject to corporate liabilities take the liabilities into account in computing their gain or loss.They do not increase their basis in the property received on liquidation because doing so would give them a double tax benefit.These forward-looking statements involve substantial risks and uncertainties.Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements the Company makes.