News
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 |
| Designation | COMPANY SECRETARY |
| 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 |
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Attachments
- Attachment 1 (Size: 84,108 bytes)