News
Issue Price Of New Units Pursuant To The Distribution Reinvestment Plan For The Distribution Period From 6 July 2021 To 31 December 2021 - Capital Component
BackFeb 25, 2022
| Announcement Title | Scrip Election/ Distribution/ DRP |
| Date & Time of Broadcast | Feb 25, 2022 17:23 |
| Status | Replace |
| 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. |
| Additional Text | 25 February 2022 - Please refer to the attachment on the Issue Price of New Units Pursuant to the Distribution Reinvestment Plan for the period from 6 July 2021 to 31 December 2021. |
| 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 |
| Issue/ Reinvestment Price | USD 0.759 |
| Security Credit Date | 31/03/2022 |
Applicable for REITs/ Business Trusts/ Stapled Securities |
|
Attachments
- Attachment 1 (Size: 86,740 bytes)