News
Issue Price Of New Units Pursuant To The Distribution Reinvestment Plan For The Distribution Period From 1 January 2022 To 30 June 2022 - Capital Component
BackAug 15, 2022
| Announcement Title | Scrip Election/ Distribution/ DRP |
| Date & Time of Broadcast | Aug 15, 2022 17:28 |
| Status | Replace |
| Corporate Action Reference | SG220804DVOPR1YX |
| Submitted By (Co./ Ind. Name) | LUN CHEE LEONG |
| Designation | COMPANY SECRETARY |
| Dividend/ Distribution Number | Applicable |
| Value | 6 |
| Dividend/ Distribution Type | Interim |
| Financial Year End | 31/12/2022 |
| Declared Dividend/ Distribution Rate (Per Share/ Unit) | USD 0.0152 |
| Dividend/ Distribution Period | 01/01/2022 TO 30/06/2022 |
| Number of Days | 181 |
| Event Narrative | |
| Narrative Type | Narrative Text |
| Additional Text | Prime US REIT is pleased to announce the distribution of US 3.52 cents per unit for the period from 1 January 2022 to 30 June 2022 which comprises two components: (a) distribution out of tax-exempt income of US 2.00 cents; and (b) distribution out of capital of US 1.52 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 31.32% on the tax-exempt income distribution. The U.S. tax forms are required to be reviewed and validated by the appointed processing agent by Monday, 5 September 2022. |
| Additional Text | 15 August 2022 - Please refer to the attachment on the Issue Price of New Units Pursuant to the Distribution Reinvestment Plan for the period from 1 January 2022 to 30 June 2022. |
| Event Dates | |
| Record Date and Time | 12/08/2022 17:00:00 |
| Ex Date | 11/08/2022 |
| Cash Payment Details | |
| Election Period | 22/08/2022 TO 30/08/2022 |
| Default Option | Yes |
| Option Currency | Singapore Dollar |
| Payment Type | Tax Not Applicable |
| Gross Rate (Per Share) | USD 0.0152 |
| Net Rate (Per Share) | USD 0.0152 |
| Pay Date | 26/09/2022 |
| Gross Rate Status | Indicative Rate |
| Currency Pair | SGD/USD |
| Security Option Details | |
| Election Period | 22/08/2022 TO 30/08/2022 |
| 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 0.664 |
| Security Credit Date | 26/09/2022 |
Applicable for REITs/ Business Trusts/ Stapled Securities |
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Attachments
- Attachment 1 (Size: 85,680 bytes)