Member Info for adv11

I did a lot of googling yesterday about this and I don't believe this. Quotes from various pages I found - .....If you hold a REIT in an ISA it is completely tax-free. The REIT is exempt from corporation tax and the investor doesn�t have to pay tax on dividends because of the ISA wrapper ....You do not pay tax on PIDs held within tax sheltered accounts.However, unlike ordinary dividends that are paid gross (i.e. with no tax deducted), PIDs are generally paid with 20% tax deducted.This means the tax already paid needs to be clawed back.Your tax-sheltered account should be issued with a 20% tax credit associated with your PID income, which the company that runs your ISA, CTF or pension should use to reclaim the tax paid from the taxman. Do watch to ensure your PID tax is being reclaimed by your broker, as sometimes they forget. It can take 4-6 weeks after the PID is credited to your account for the reclaimed tax to turn up as cash. I�ve heard that brokers can ask for PIDs to be paid gross to shareholdings in tax shelters, but I�ve no knowledge as to how widely this is being done.

Just to clarify - in an ISA you should have received two dividends last Thursday of 0.755p each. Those of us who have wrongly paid tax will have received one of 0.755p and one of 0.604p. - which is the tax taken off the PID part. This quarterly dividend will comprise 50% (0.755p) Property Income Distribution ("PID") and 50% ordinary dividend (0.755p).

Well it is a growing sector with PHP currently raising money for further acquisitions and Assura also in the same market. Some of the warehouse type REIT's seem to make their money by selling properties between themselves for ever increasing sums. Probably will come tumbling down one day, but then again, everything I invest in always does.

Yes thanks, I have discovered this. Seems to be happening more frequently - has happened today with Medic X. Broker says it is the companies not following instructions... but could be either at fault. Apparently it takes 4 to 6 weeks to sort out. I don't mind the wait but a/ it messes my paperwork up and b/ without contacting the broker and having to explain it all again, I have no idea if they know about it or not.

Finally received my dividend today - with tax taken off. Still waiting for my broker to something about the Warehouse Reit divi from three weeks ago. This is starting to get annoying, might have to rethink where I invest my next ISA money. These REITs are worthwhile if we get the full dividends, otherwise they are not.

I really think that everyone with HL should be asking for compensation and pointing out that you pay them for their expertise. See if they make an offer, but make it an official complaint. Their attitude is precisely why I left them. They repeatedly think they are the experts and every company and investor has to fit round them. When they brought in the clause that you have to pay them to close your account, that was the final straw for me. I've had a few small problems with my current cheap broker, but each time they have offered �50 or �100 compensation.

Definitely get in touch with your broker. It's times like this you find out if they are any good or not. I am expecting the same problem as you. I had 8 dividends all paid on time on Thursday, but not MXF, which isn't a good sign.

If they are in an ISA you shouldn't have the tax deducted. I have just had a similar experience with Warehouse REIT. A nightmare to explain to my broker, but they claimed it was the companies fault for their failure to take notice of a request to pay the dividend without tax deduction. The broker then has to put in a claim, but I can't say I feel confident. I have quite a few REIT's in my ISA, and this is the first problem. Having said that, I haven't received yesterday's Divi yet.

Well they work for the company (BCN) who issue DI shares, so presumably all they were handling all the share transfers, so there must be a reason they only messed up HL transfers. Maybe they would be interested to know they are being accused. https://www.linkassetservices.com/what-we-do/market-services/depositary-interest

I've tried a number of brokers over the years, probably seven or eight, and I wouldn't really recommend any of them. When it comes to anything slightly unusual, the bigger they are, the more they mess up. My philosophy now is go with the cheapest (I-web) and when they get it wrong, just be grateful you aren't paying much for their incompetence.

Mine are also in my ISA and share dealing account with Halifax I.web. Fortunately I sussed HL out many years ago.

addicknt... I didn't say I fully understood the message, although I assumed from it that the shares have to be cancelled with the Canadian Registrars and re-registered over here, otherwise they would be frozen. Having said that I was surprised to see shares being traded this afternoon, although there hasn't been many going though. It doesn't really matter to me as I don't trade the shares, they are a long term hold. The shares were bought through Crest, with Halifax and I-web (the same company). They have always been marked DI - A CREST Depository Interest (CDI) is a UK security that represents a stock traded on an exchange outside the UK. They offer a straightforward, cost-effective way to trade in a number of overseas stocks and are the main means of foreign dealing provided by a number of UK international stock brokers.

Just to remind anyone concerned what my broker announced - Bacanora Minerals Limited. Redomicile. Please note that you will be unable to trade in your Bacanora (Depositary Interest) shares through our ShareDealing service from 4.30pm on Wednesday 14th March 2018 until 8.00am on Wednesday 21st March 2018. Further to our recent notification regarding the Redomicile of Bacanora to the United Kingdom, we have been notified that we are required to transfer your Depositary Interest shares to the Depositary for exchange into CREST-eligible UK-domiciled stock by no later than 1pm on 19th March 2018. Should we fail to do this by that time, which is prior to the Cancellation of Listing on 21st March 2018, your Depositary Interests (DIs) will terminate and the holding of underlying shares will be placed on the dissentients register with the Canadian Registrar. The required process for converting your shares into new shares could take up to several weeks and would lead to a far greater delay in receiving your shares in the New UK-domiciled Company and therefore a greater break in your ability to trade them. Having considered the above and the potential impact on our shareholders we will not be able to accept orders for sales or purchases from close of market on 14th March 2018 until the New Bacanora shares are received. We will update you should we receive any further information from the Company. Should you however, have any queries regarding this matter please do not hesitate to contact us.

...to the pleasure-dome, let the fun commence.

Thanks a lot, I really appreciate this. I assumed it would be a mistake by I-web, but explaining it to them will be a nightmare.

Could anyone with their Warehouse shares in an ISA confirm what they have been paid please ? I was expecting the full 1p (being in my ISA) but have actually got 0.844p, split as the 0.22p non-PID and 0.624p PID.

Bacanora Minerals Limited. Redomicile. Please note that you will be unable to trade in your Bacanora (Depositary Interest) shares through our ShareDealing service from 4.30pm on Wednesday 14th March 2018 until 8.00am on Wednesday 21st March 2018. Important Information & Other Key Dates: Further to our recent notification regarding the Redomicile of Bacanora to the United Kingdom, we have been notified that we are required to transfer your Depositary Interest shares to the Depositary for exchange into CREST-eligible UK-domiciled stock by no later than 1pm on 19th March 2018. Should we fail to do this by that time, which is prior to the Cancellation of Listing on 21st March 2018, your Depositary Interests (DIs) will terminate and the holding of underlying shares will be placed on the dissentients register with the Canadian Registrar. The required process for converting your shares into new shares could take up to several weeks and would lead to a far greater delay in receiving your shares in the New UK-domiciled Company and therefore a greater break in your ability to trade them. Having considered the above and the potential impact on our shareholders we will not be able to accept orders for sales or purchases from close of market on 14th March 2018 until the New Bacanora shares are received. We will update you should we receive any further information from the Company. Should you however, have any queries regarding this matter please do not hesitate to contact us.

Obviously the price has fallen because of the �300 million bond, but I have no idea why. I can only assume that there were huge costs in issuing the bond, what with 4 major banks and Rothschild involved. NRR's CFO is delighted, presumably because he sold a lot of his holding before this bond became a reality, at 359p. Hopefully the board will clarify the situation, otherwise I will assume that shareholders are being taken for fools It's looking like the company is being used to drip feed the board with options, let them accumulate and sell, and then raise more money by whatever means they can. I don't suppose they bother reading LSE though.

Received mine from I-web on Saturday, posted back today.

Life is so much better when you use the filter. Who's PP 🤔