Financial Reports

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To view a more comprehensive selection of our filings, you can link to SEDAR (System for Electronic Document Analysis and Retrieval).

Tax Information

In connection with the recently completed transaction pursuant to which affiliates of real estate funds managed by affiliates of The Blackstone Group Inc. acquired all of Dream Global REIT’s subsidiaries and assets in an all-cash transaction valued at $6.2 billion (the “Transaction”), as stated in the management information circular of Dream Global REIT, dated October 13, 2019, management did not expect the Special Distribution or Redemption Amount to include distributions of Ordinary Income. Following the closing of the Transaction on December 10th, management of Dream Global REIT has determined that the Special Distribution and Redemption Amount will be reported by the REIT as not including any distributions of Ordinary Income.


Tax Deferral

Dream Global REIT pays a monthly distribution to its Unitholders of which only a portion is taxable. The non-taxable portion of any net realized capital gains and any other amount in excess of the net income of Dream Global REIT payable to the Unitholder will not generally be included in the Unitholder’s income for the year.

The Trust has determined that the distributions should be treated in the following manner:

December 10, 2019 – Special Distribution 2019 – Regular Monthly Distribution 2018 2017
Foreign non-business income 0.00% 0.00% 83.17% 61.70%
Capital Gains 66.57% 100.0% 0.00% 1.10%
Return of capital 33.43% 0.00% 16.83% 37.20%

For the calendar year 2018, our distributions are incorrectly coded as “foreign business income” for taxable income reporting purposes, which differs from prior years’ allocation as “foreign non-business income”.  Allocation of the Trust’s distribution as either business or non-business income has no impact on unitholders’ tax returns as no foreign taxes are being allocated in respect of the Trust’s distributions.  The Trust has amended the T3 reporting slips for immediate re-issue.  We apologize for any inconvenience this may have caused.




2016 2015 2014 2013 2012 2011
Foreign non-business income 36.57% 43.6% 48.3% 47.6% 39.0% 44.9%
Capital Gains 1.14% 1.4%
Return of capital 62.29% 56.4% 50.3% 52.4% 61.0% 55.%

The links below show record dates with distributions paid and taxable income that should be allocated:


Income Tax Considerations – Distributions

A holder of Dream Global REIT Units is generally required to include the taxable income received from the REIT in his or her income tax return. The taxable portion of the distribution has to be included even if the distribution is reinvested under the Distribution Reinvestment and Unit Purchase Plan.

Canadian Unitholders will receive a Statement of Trust Income Allocations and Designations (T3) for income tax purposes. You should receive a statement either from your financial institution or stockbroker if you hold your Units in an account or directly from Dream Global REIT’s transfer agent, Computershare Trust Company of Canada, if you are a registered Unitholder and are in possession of a Unit Certificate.

Non-resident Unitholders should receive a Statement of Amounts Paid or Credited to Non-Residents of Canada (NR4) with the taxable income reported in box 16 and the non-resident tax withheld shown in box 17.

Information Request


For inquiries, please contact us directly:

Dream Global REIT
30 Adelaide Street East, Suite 301
Toronto, ON  M5C 3H1
Phone: 416.365.3535
Fax: 416.365.6565


For change of address and registration enquiries, please contact our transfer agent:

Computershare Investor Services Inc.
100 University Avenue, 8th Floor
Toronto, ON  M5J 2Y2
Phone: 514.982.7555 or 1.800.564.6253
Fax: 416.263.9394 or 1.888.453.0330