Fording Reports Tax Information for 2007 Distributions to Unitholders
28 Febbraio 2008 - 1:59AM
Marketwired
CALGARY, ALBERTA (TSX: FDG.UN) (NYSE: FDG) today reports the
following income tax information for cash distributions declared in
2007 for unitholders resident in Canada and paid in 2007 for
unitholders resident in the United States. The following
information is provided for general information only and should not
be considered tax or legal advice to any particular existing or
potential holder of Trust units. Unitholders are strongly urged to
consult their own tax and legal advisors with respect to their
particular circumstances.
Tax Information for Unitholders Resident in Canada
The following information is based on the Trust's understanding
of the Income Tax Act (Canada) and regulations thereunder. T3
Statement of Trust Income Allocations and Designations forms are
expected to be available by March 31, 2008.
The following table provides the breakdown of cash distributions
declared in 2007 in Canadian dollars. The stated amounts are on a
per-unit basis and reflect the units outstanding when the payments
were declared.
----------------------------------------------------------------------------
CDN$ Per Unit
----------------------------------------------------------------------------
Actual
Amount of Other Return of
Eligible Taxable Capital Total
Dividends Income (tax Distribution
Record Date Payment Date (taxable) (taxable) deferred) Paid
----------------------------------------------------------------------------
Mar. 30, 2007 Apr. 16, 2007 $ 0.01012 $ 0.62255 $ 0.01733 $ 0.65
----------------------------------------------------------------------------
Jun. 29, 2007 Jul. 16, 2007 0.01012 0.62255 0.01733 0.65
----------------------------------------------------------------------------
Sept. 28, 2007 Oct. 15, 2007 0.00934 0.57467 0.01599 0.60
----------------------------------------------------------------------------
Dec. 31, 2007 Jan. 15, 2008 0.00825 0.50762 0.01413 0.53
----------------------------------------------------------------------------
The "Actual Amount of Eligible Dividends" amount is dividend
income that is taxable to unitholders. In general, eligible
dividends are entitled to a higher gross-up and dividend tax
credit, attracting a lower effective income tax rate than
non-eligible dividends. The "Other Taxable Income" amount is the
portion of the distributions that is to be included in the taxable
income of unitholders. The "Return of Capital" amount of the
distributions is not taxable but should be deducted from the
adjusted cost base of unitholder's units of the Trust. All three
amounts will be reported on the T3 Statement of Trust Income
Allocations and Designations.
Tax Information for Unitholders Resident in the United
States
Distributions paid by the Trust in the 2007 calendar year should
be considered foreign-source dividend income under U.S. federal
income tax principles, reportable on a Form 1099. Providing that
applicable holder-level requirements are met, these distributions
should be "qualified dividends," eligible for taxation at reduced
rates under U.S. federal income tax legislation.
Distributions paid by the Trust to U.S. unitholders are
generally subject to Canadian withholding tax of 15%. U.S.
unitholders are advised to seek advice from their tax advisor for
the tax treatment of distributions.
Cash distributions in 2007 are reported as follows in U.S.
dollars. The stated amounts are on a per-unit basis and reflect the
units outstanding when the payments were made.
----------------------------------------------------------------------------
US$ Per Unit
----------------------------------------------------------------------------
Qualified Dividends Withholding Tax
Record Date Payment Date (taxable) Deducted in Canada
----------------------------------------------------------------------------
Dec. 29, 2006 Jan. 15, 2007 $ 0.815240 $ 0.122286
----------------------------------------------------------------------------
Mar. 30, 2007 Apr. 16, 2007 0.563800 0.08457
----------------------------------------------------------------------------
Jun. 29, 2007 Jul. 16, 2007 0.611250 0.0916875
----------------------------------------------------------------------------
Sept. 28, 2007 Oct. 15, 2007 0.602230 0.0903345
----------------------------------------------------------------------------
It is possible that the U.S. dollar amount was different for
non-registered/beneficial unitholders receiving their payment from
an intermediary or brokerage firm using different exchange
rates.
The distribution payable to record holders on December 31, 2007
and paid on January 15, 2008 to unitholders resident in the United
States will be reported for the 2008 calendar year.
About Fording
Fording Canadian Coal Trust is an open-ended mutual fund royalty
trust. The Trust makes quarterly distributions to unitholders using
royalties received from its 60% interest in the metallurgical coal
operations of the Elk Valley Coal Partnership. Elk Valley Coal
Partnership is the world's second largest exporter of metallurgical
coal, supplying high-quality coal products to the international
steel industry. The Trust's shares are traded on the Toronto Stock
Exchange under the ticker symbol FDG.UN and on the New York Stock
Exchange under the symbol FDG.
Contacts: Fording Canadian Coal Trust Colin Petryk Director,
Investor Relations (403) 260-9823 Fording Canadian Coal Trust Najda
Dupanovic Administrative Assistant (403) 260-9892 Email:
investors@fording.ca Website: www.fording.ca
Grafico Azioni Fording Canadian Coal (NYSE:FDG)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Fording Canadian Coal (NYSE:FDG)
Storico
Da Lug 2023 a Lug 2024