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Brokers' take

Published Fri, Dec 28, 2018 · 09:50 PM

Manulife US Reit > Buy RHB Research Institute, Dec 28 Dec 28 close: US$0.77 Target price: US$0.92

MANULIFE US Reit recently said that no changes to its Reit structure are expected as a result of US tax regulations.

To recall, on Jan 2, the Reit announced certain changes to its holding structure in order to address changes to the US Internal Revenue Code (IRC). Among other changes, the Reit established a Barbados holding company structure for its intercompany financing of Hancock S-Reit Parent Corp to address the potential impact of the newly enacted Section 267A of the IRC on the deductibility of certain interest expense from 2018.

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