News

Issue And Listing Of New Units Under The Distribution Reinvestment Plan - Capital Component

BackSep 26, 2022
Announcement Title Scrip Election/ Distribution/ DRP
Date & Time of Broadcast Sep 26, 2022 8:02
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 26 September 2022 - Please refer to the attached announcement on the issue and listing of 1,975,982 new units in Prime US REIT at an issue price of US$0.664 per new unit today pursuant to Prime US REIT's 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
Exchange Rate 1.4055
Gross Rate in Option Currency SGD 0.021364
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

Attachments

  1. Attachment 1 (Size: 184,743 bytes)

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