(I) Notice Of Record Date And Distribution Payment Date (II) Application Of Distribution Reinvestment Plan To The Distribution - Capital Component

BackFeb 16, 2022
Announcement Title Scrip Election/ Distribution/ DRP
Date & Time of Broadcast Feb 16, 2022 18:19
Status New
Corporate Action Reference SG220216DVOP0GMP
Submitted By (Co./ Ind. Name) Ngiam May Ling
Designation Company Secretary
Dividend/ Distribution Number Applicable
Value 5
Dividend/ Distribution Type Final
Financial Year End 31/12/2021
Declared Dividend/ Distribution Rate (Per Share/ Unit) USD 0.0129
Dividend/ Distribution Period 06/07/2021 TO 31/12/2021
Number of Days 179
Event Narrative
Narrative Type Narrative Text
Additional Text Prime US REIT is pleased to announce the distribution of US 3.36 cents per unit for the period from 6 July 2021 to 31 December 2021 which comprises two components:

(a) distribution out of tax-exempt income of US 2.07 cents; and
(b) distribution out of capital of US 1.29 cents per unit.
Additional Text KBS US Prime Property Management Pte. Ltd., as manager of Prime US REIT, has determined that the distribution reinvestment plan ( DRP ) will apply to the above distribution.

Please refer to the Notice of Record Date and Application of DRP announcement attached.
Taxation Conditions The capital component of the Distribution represents a return of capital to Unitholders for Singapore income tax purposes and is therefore not subject to Singapore income tax.
Taxation Conditions Unitholders who do not submit required U.S. tax forms completely and accurately will be subject to an effective withholding tax of 30.12% on the tax-exempt income distribution. The U.S. tax forms are required to be reviewed and validated by the appointed processing agent by Friday, 11 March 2022.
Event Dates
Record Date and Time 24/02/2022 17:00:00
Ex Date 23/02/2022
Cash Payment Details
Election Period 03/03/2022 TO 11/03/2022
Default Option Yes
Option Currency Singapore Dollar
Payment Type Tax Not Applicable
Gross Rate (Per Share) USD 0.0129
Net Rate (Per Share) USD 0.0129
Pay Date 31/03/2022
Gross Rate Status Indicative Rate
Currency Pair SGD/USD
Security Option Details
Election Period 03/03/2022 TO 11/03/2022
New Security ISIN SGXC75818630
New Security Name PRIME US REIT
Security Not Found No
Fractional Disposition Method Round down fraction to last full unit

Applicable for REITs/ Business Trusts/ Stapled Securities


  1. Attachment 1 (Size: 196,423 bytes)

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