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To qualify as a REIT, a company must do all of the following EXCEPT: A Derive at least 9 5 % of its gross income

To qualify as a REIT, a company must do all of the following EXCEPT:

A Derive at least

95 %

of its gross income from real estate sources and dividends and interest from other sources

Be managed by a board of directors

Distribute at least

90 %

of its taxable income to shareholders annually in the form of dividends

Have a minimum of

400

shareholders after its first year of operation

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