Issue Price Of New Units Pursuant To The Distribution Reinvestment Plan For The Distribution Period From 1 July 2022 To 31 December 2022 - Capital Component

BackFeb 17, 2023
Announcement Title Scrip Election/ Distribution/ DRP
Date & Time of Broadcast Feb 17, 2023 17:30
Status Replace
Corporate Action Reference SG230208DVOPWK20
Submitted By (Co./ Ind. Name) LUN CHEE LEONG
Dividend/ Distribution Number Applicable
Value 7
Dividend/ Distribution Type Final
Financial Year End 31/12/2022
Declared Dividend/ Distribution Rate (Per Share/ Unit) USD 0.0098
Dividend/ Distribution Period 01/07/2022 TO 31/12/2022
Number of Days 184
Event Narrative
Narrative Type Narrative Text
Additional Text Prime US REIT is pleased to announce the distribution of US 3.03 cents per unit for the period from 1 July 2022 to 31 December 2022 which comprises two components:

(a) distribution out of tax-exempt income of US 2.05 cents per Unit; and
(b) distribution out of capital of US 0.98 cents per Unit.
Additional Text Prime US REIT Management Pte. Ltd., as manager of Prime US REIT, has determined that the distribution reinvestment plan ( DRP ) will apply to the 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 30.87% 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, 10 March 2023.
Additional Text 17 February 2023 - Please refer to the attachment on the Issue Price of New Units Pursuant to the Distribution Reinvestment Plan for the period from 1 July 2022 to 31 December 2022.
Event Dates
Record Date and Time 16/02/2023 17:00:00
Ex Date 15/02/2023
Cash Payment Details
Election Period 24/02/2023 TO 03/03/2023
Default Option Yes
Option Currency Singapore Dollar
Payment Type Tax Not Applicable
Gross Rate (Per Share) USD 0.0098
Net Rate (Per Share) USD 0.0098
Pay Date 31/03/2023
Gross Rate Status Indicative Rate
Currency Pair SGD/USD
Security Option Details
Election Period 24/02/2023 TO 03/03/2023
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 0.444
Security Credit Date 31/03/2023

Applicable for REITs/ Business Trusts/ Stapled Securities


  1. Attachment 1 (Size: 84,108 bytes)

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