ISG -- summary under Domestic REITs
Summary Under
Tax Topics - Public Transactions - Offerings - REIT, Trust and LP Offerings - Domestic REITsConversion of ISG to a REIT (Firm Capital Property Trust): s. 84(3) redemption of shares for cash or REIT units
Overview
With a view to all the common shareholders of ISG becoming the unitholders of the Trust, which is expected to be a REIT, ISG will sell its sole real estate asset and then, under a CBCA Plan of Arrangement, each ISG common shareholder will have the option of redeeming its shares for cash or for units of the Trust, so that following the Plan of Arrangement, ISG will be wholly-owned by the Trust.
For further details
see the more detailed discussion under Spin-offs - S. 84(3) Redemption Spin-offs.
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Public Transactions - Spin-Offs & Distributions - S. 84(3) redemption spin-offs | Conversion of ISG to a REIT (Firm Capital Property Trust): s. 84(3) redemption of shares for cash or REIT units | 640 |