News
Notice To Unitholders On Exchange Rate For Computation Of Distribution In U.S. Dollars - Capital Distribution
BackMar 27, 2024
| Announcement Title | Capital Distribution |
| Date & Time of Broadcast | Mar 27, 2024 7:44 |
| Status | Replace |
| Corporate Action Reference | SG240221CAPD6HZF |
| Submitted By (Co./ Ind. Name) | LUN CHEE LEONG |
| Designation | COMPANY SECRETARY |
| Dividend/ Distribution Number | Applicable |
| Value | 9 |
| Financial Year End | 31/12/2023 |
| 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 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. |
| 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 |
| Disbursement Details | |
| Cash Payment Details | |
| Payment Type | Tax Not Applicable |
| Gross Rate (per share) | USD 0.0005 |
| Net Rate (per share) | USD 0.0005 |
| 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)