QUESTION 44 A REIT must distribute at least 75 percent of its income to shareholders in order to avoid being taxed as a corporation 95 percent 25 percent 90 percent QUESTION 45 Which of the following are characteristics of preferred stock? 1. A fixed-rate of return I. Priority claim to assets upon dissolution when compared to common stock III. A fixed maturity date 1. A priority claim to dividends over common stock of the same company II, III, and IV OLI and IV Ollil and IV LIL and 1