Manulife US REIT is a unique commercial office REIT. The dividend per unit is about US$0.06. At current share price of US$0.845, the dividend yield is 0.06/0.845 = 7.1%. The dividend yield might not look like much but as an investor, you might be interested in its profile:

• As of Mar 2018, 120 tenants
• 7 commercial office properties
• Land Tenure is freehold
• Weighted Average Lease Expiry of Tenants 6.3 years
• Average rental escalation of 2.7%
• Nature of leases tend to be 3 to 10 years
• Debt to Asset of 37%
• 100% Fixed Debt
• Weighted Average Interest Rate 3.27%
• Build in CPI or Fixed Rental Escalation
• USD Denominated

Because of its unique nature, shareholders need to submit a W8-Ben form to indicate that they are a non-US citizen. Failure to submit the form, your dividend would be subjected to a 30% withholding tax ......