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To: waitwatchwander who wrote (10941)5/28/1998 2:15:00 PM
From: Snake  Read Replies (3) | Respond to of 152472
 
Typically, U.S. dividends to non-U.S. accounts are subject to withholding based on the US- home country treat, or if there is no treaty, a 30% rate. This situation appears no different. The exact mechanism for the withholding in this case since it is a property distribution, I am not sure of.

The prospectus, when one is done, will talk of the tax consequences of the proposed transaction.


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