The Rising Influence of Rising Affluence

[DewDiligence]

Timber REITs are somewhat special, as Dew has noted, gains from the sale of timber are treated as capital gains, and, accordingly, dividends paid by PCL are generally taxed at capital gain rates.

You may omit the word, generally until such time as PCL changes its business model; during the many years I’ve been a shareholder, 100% of PCL’s distributions have been taxed as LT capital gains.