Registered non-resident Unitholders are subject to withholding tax on 100% of the distribution at the following rates:
U.S. = 15%; Other = 25%.
Once the breakdown of the distribution is determined, withholding tax paid on the return of capital portion of the distribution is refundable. Investors may be eligible to receive a refund once the breakdown of the distribution payment is known.
In addition, for non-residents who participated in the DRIP, non-resident withholding tax is deducted from the non-residents’ distributions prior to determining the reinvestment amount and the 3% bonus.