News

Withdraw - Notice Of Cumulative Distribution Record And Distribution Payment Date - Tax-Exempt Income Component

BackJun 28, 2021
Announcement Title Cash Dividend/ Distribution
Date & Time of Broadcast Jun 28, 2021 15:58
Status Withdraw
Corporate Action Reference SG210624DVCAXSFL
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 04/07/2021
Number of Days 185
Event Narrative
Narrative Type Narrative Text
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 4 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.
Please refer to the attachment.
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 Monday, 26 July 2021, will be subject to an effective withholding tax of 32.06% on the tax-exempt income distribution.
Additional Text This announcement supersedes the earlier announcement (announcement reference number: SG210624DVCAXSFL) made on 24 June 2021.

The correct Election Period should be from 12/07/2021 to 26/07/2021.
Event Dates
Record Date and Time 02/07/2021 17:00:00
Ex Date 01/07/2021
Option 1-Cash Payment Details
Election Period 12/07/2021 TO 26/07/2021
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 19/08/2021
Gross Rate Status Indicative Rate
Currency Pair SGD/USD
Option 2-Cash Payment Details
Election Period 12/07/2021 TO 26/07/2021
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 19/08/2021
Gross Rate Status Indicative Rate
Reason(s) for Withdrawal
Reason(s) for Withdrawal As instructed by CDP to withdraw the incorrect announcement with corporate action reference no. SG210624DVCAXSFL to avoid confusion to the market participants.

Applicable for REITs/ Business Trusts/ Stapled Securities

Attachments

  1. Attachment 1 (Size: 343,074 bytes)

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