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This real estate investment trust (REIT) invests in 'Big Box' distribution centres, also actively managing existing properties. Tenants include B&Q, Next and TK Maxx. Property income distributions (PIDs) paid by UK REITs are subject to a 20% withholding tax. PIDs paid into ISAs are tax-exempt. Freetrade will reclaim the withholding tax and distribute to ISA holders approximately 30-60 days after the PID is paid.
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