News
Notice Of Cumulative Distribution Record Date And Distribution Payment Date And Updated Listing Date For New Units Issued Pursuant To The Private Placement - Tax-Exempt Income Component
BackJun 28, 2021
| Announcement Title | Scrip Election/ Distribution/ DRP |
| Date & Time of Broadcast | Jun 28, 2021 7:59 |
| Status | New |
| Corporate Action Reference | SG210628DVOPRUN8 |
| Submitted By (Co./ Ind. Name) | Ngiam May Ling |
| Designation | Company Secretary |
| Dividend/ Distribution Number | Applicable |
| Value | 4 |
| Dividend/ Distribution Type | Interim |
| Financial Year End | 31/12/2021 |
| Declared Dividend/ Distribution Rate (Per Share/ Unit) | USD 0.0221 |
| Dividend/ Distribution Period | 01/01/2021 TO 05/07/2021 |
| Number of Days | 186 |
| Event Narrative | |
| Narrative Type | Narrative Text |
| Additional Text | This announcement supersedes the earlier announcements (announcement reference number: SG210624DVCAXSFL) made on 24 June 2021 and 25 June 2021. The revised Record Date is 5 July 2021. The revised Election Period is from 13 July 2021 to 27 July 2021. |
| Additional Text | Prime US REIT has announced the distribution of US 3.37 to US 3.42 cents per unit for the period from 1 January 2021 to 5 July 2021 which comprises two components: (a) distribution out of tax-exempt income of US 2.21 cents; and (b) distribution out of capital of US 1.16 to US 1.21 cents. |
| Taxation Conditions | The tax-exempt income component is exempt from tax in the hands of all Unitholders. No tax will be deducted at source from this component. |
| Taxation Conditions | Unitholders who do not submit required U.S. tax forms completely and accurately by Tuesday, 27 July 2021, will be subject to an effective withholding tax of 32.24% on the tax-exempt income distribution. |
| Additional Text | Please refer to the attachment on the revised Notice of Record Date Announcement. |
| Event Dates | |
| Record Date and Time | 05/07/2021 17:00:00 |
| Ex Date | 02/07/2021 |
| Option 1-Cash Payment Details | |
| Election Period | 13/07/2021 TO 27/07/2021 |
| Default Option | Yes |
| Option Currency | Singapore Dollar |
| Payment Type | Tax Exempted |
| Gross Rate (Per Share) | USD 0.0221 |
| Net Rate (Per Share) | USD 0.0221 |
| Pay Date | 20/08/2021 |
| Gross Rate Status | Indicative Rate |
| Currency Pair | SGD/USD |
| Option 2-Cash Payment Details | |
| Election Period | 13/07/2021 TO 27/07/2021 |
| Default Option | No |
| Option Currency | United States Dollar |
| Payment Type | Tax Exempted |
| Gross Rate (Per Share) | USD 0.0221 |
| Net Rate (Per Share) | USD 0.0221 |
| Pay Date | 20/08/2021 |
| Gross Rate Status | Indicative Rate |
| Security Option Details | |
| Election Period | 13/07/2021 TO 27/07/2021 |
| New Security ISIN | SGXC75818630 |
| New Security Name | PRIME US REIT |
| Security Not Found | No |
| Fractional Disposition Method | Round down fraction to last full unit |
| Security Credit Date | 20/08/2021 |
Applicable for REITs/ Business Trusts/ Stapled Securities |
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Attachments
- Attachment 1 (Size: 160,589 bytes)