Capital units: Distributions are declared for unitholders of record on the last business day of the month and are paid within 15 days after the record date. The Trust expects to pay cash distributions on the Capital units to the extent that the distributions on the portfolio exceed the sum of the expenses of the Trust and the aggregate interest payments on the Preferred securities. Distributions on the Capital units, which are expected to be primarily return of capital and capital gains, have significant tax benefits than if the income had been earned as interest income.
Preferred securities: Holders will be entitled to receive fixed quarterly interest payments of $0.15 per Preferred security or 6% per annum on original subscription price of $10.00 which will be paid quarterly in arrears on the fifteenth day of February, May, August and November in each year.
Tax Advantaged Distributions
Capital unit distributions are expected to be primarily return of capital and capital gains, which have significant tax benefits than if the income had been earned as interest income.
For a full description of the impact of the tax advantaged distributions please click here for the Tax Information section.
| Record Date |
Payment Date |
Distribution per Unit |
| No records found! |
| Record Date |
Payment Date |
Distribution per Unit |
| No records found! |
