Part 12Real Estate Investment Trusts

Chapter 6Distributions

Distributions to certain shareholders

554AF1Meaning of “distribution”

1

In this Chapter, references (however expressed) to a distribution include share capital issued in lieu of a cash dividend.

2

Section 1051(2) to (4) (meaning of “share capital issued in lieu of a cash dividend”) applies for the purposes of this section as it applies for the purposes of section 1049(1)(a).