Income Tax Information

You should consult your own professional advisors to obtain advice on the tax consequences that apply to you.

A percentage of PIRET’s distribution will be tax deferred in large part by CCA and other items deducted at the REIT level. On an after tax basis, PIRET's yield will be significantly higher than other comparable investments.

Real estate investment trusts are not affected by the Government’s Income Trust Tax Fairness Plan. PIRET will therefore be able to operate as a trust post-2011.

For further information on the tax status of PIRET, please refer to the prospectus.

Tax Factors

 
Capital Gain
Return of Capital
Interest Income
Foreign Non-business Income CDS Report
2009
4.00%
89.00%
7.00%
-
2010
-
100.00%
-
-
2011
-
97.00%
3.00%
-
2012
10.31%
89.69%
-
-
2013 7.00% 83.77% 9.23% - 23 KB
2014 15.04% 56.77% 23.96% 4.23% 52 KB
2015 8.08% 60.03% 21.54% 10.35% 27 KB