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May 1, 2015
Ontario Securities Commissions’ Review Of REIT Distributions Disclosure
The Ontario Securities Commission (OSC) has done Canadian REIT investors a favour in its recent review of the disclosure of distributions by Ontario-head-office based REITs. The review ( http://www.osc.gov.on.ca/ en/SecuritiesLaw_sn_20150126_51-724_rpt-reit. html ) identified four areas where disclosure should be improved. These are: the content of disclosure where excess distributions are paid; the consistency of disclosure about excess distributions; the timeliness of disclosure where a...