News
Notice To Unitholders On Exchange Rate For Computation Of Distribution In U.S. Dollars - Tax-Exempt Income Distribution
BackMar 27, 2024
| Announcement Title | Cash Dividend/ Distribution |
| Date & Time of Broadcast | Mar 27, 2024 7:42 |
| Status | Replace |
| Corporate Action Reference | SG240221DVCAKQ6I |
| Submitted By (Co./ Ind. Name) | LUN CHEE LEONG |
| Designation | COMPANY SECRETARY |
| Dividend/ Distribution Number | Applicable |
| Value | 9 |
| Dividend/ Distribution Type | Final |
| Financial Year End | 31/12/2023 |
| Declared Dividend/ Distribution Rate (Per Share/ Unit) | USD 0.002 |
| Dividend/ Distribution Period | 01/07/2023 TO 31/12/2023 |
| Number of Days | 184 |
| Event Narrative | |
| Narrative Type | Narrative Text |
| Additional Text | Prime US REIT is pleased to announce the distribution of US 0.25 cents per unit for the period from 1 July 2023 to 31 December 2023 which comprises two components: (a) distribution out of tax-exempt income of US 0.20 cents per Unit; and (b) distribution out of capital of US 0.05 cents per Unit. |
| Taxation Conditions | The tax-exempt income component is exempt from tax in the hands of all Unitholders. No tax will be deducted at source from this component. |
| Taxation Conditions | Unitholders who do not submit required U.S. tax forms completely and accurately by Tuesday, 12 March 2024, will be subject to withholding tax of 32.74% on the Distribution. |
| Additional Text | Please refer to the attached announcement on the exchange rate of US$1 = S$1.3405, being the buy rate for Singapore dollars on 27 March 2024. 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 | 04/03/2024 |
| Ex Date | 01/03/2024 |
| Option 1-Cash Payment Details | |
| Election Period | 06/03/2024 TO 12/03/2024 |
| Default Option | Yes |
| Option Currency | Singapore Dollar |
| Payment Type | Tax Exempted |
| Gross Rate (Per Share) | USD 0.002 |
| Net Rate (Per Share) | USD 0.002 |
| Pay Date | 28/03/2024 |
| Gross Rate Status | Actual Rate |
| Currency Pair | SGD/USD |
| Exchange Rate | 1.3405 |
| Gross Rate in Option Currency | SGD 0.002681 |
| Option 2-Cash Payment Details | |
| Election Period | 06/03/2024 TO 12/03/2024 |
| Default Option | No |
| Option Currency | United States Dollar |
| Payment Type | Tax Exempted |
| Gross Rate (Per Share) | USD 0.002 |
| Net Rate (Per Share) | USD 0.002 |
| Pay Date | 28/03/2024 |
| Gross Rate Status | Actual Rate |
Applicable for REITs/ Business Trusts/ Stapled Securities |
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Attachments
- Notice Of Record Date (Size: 137,699 bytes)
- Distribution & Issuance Announcement (Size: 422,363 bytes)
- Exchange Rate (Size: 77,963 bytes)