Notice To Unitholders On Exchange Rate For Computation Of Distribution In U.S. Dollars - Capital Component

BackSep 25, 2023
Announcement Title Scrip Election/ Distribution/ DRP
Date & Time of Broadcast Sep 25, 2023 7:44
Status Replace
Corporate Action Reference SG230808DVOPC2SX
Submitted By (Co./ Ind. Name) LUN CHEE LEONG
Dividend/ Distribution Number Applicable
Value 8
Dividend/ Distribution Type Interim
Financial Year End 31/12/2023
Declared Dividend/ Distribution Rate (Per Share/ Unit) USD 0.0052
Dividend/ Distribution Period 01/01/2023 TO 30/06/2023
Number of Days 181
Event Narrative
Narrative Type Narrative Text
Additional Text Prime US REIT is pleased to announce the distribution of US 2.46 cents per unit for the period from 1 January 2023 to 30 June 2023 which comprises two components:

(a) distribution out of tax-exempt income of US 1.94 cents per Unit; and
(b) distribution out of capital of US 0.52 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 31.97% on the tax-exempt income distribution. The U.S. tax forms are required to be reviewed and validated by the appointed processing agent by Tuesday, 12 September 2023. To ensure the forms can be validated by Tuesday, 12 September 2023, Unitholders are reminded to submit the completed tax forms to Prime US REIT's Unit Registrar - Boardroom Corporate & Advisory Services Pte. Ltd. by Monday, 4 September 2023.
Additional Text Please refer to the attached announcement on the exchange rate of US$1 = S$1.3662, being the buy rate for Singapore dollars on 25 September 2023. For unitholders of Prime US REIT who have not opted to receive their distribution in U.S. dollars, the amount of distribution to be paid in Singapore dollars will be computed based on this exchange rate.
Event Dates
Record Date and Time 17/08/2023 17:00:00
Ex Date 16/08/2023
Cash Payment Details
Election Period 24/08/2023 TO 04/09/2023
Default Option Yes
Option Currency Singapore Dollar
Payment Type Tax Not Applicable
Gross Rate (Per Share) USD 0.0052
Net Rate (Per Share) USD 0.0052
Pay Date 28/09/2023
Gross Rate Status Indicative Rate
Currency Pair SGD/USD
Exchange Rate 1.3662
Gross Rate in Option Currency SGD 0.007104
Security Option Details
Election Period 24/08/2023 TO 04/09/2023
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 0.161
Security Credit Date 28/09/2023

Applicable for REITs/ Business Trusts/ Stapled Securities


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