News
Notice Of Cumulative Distribution Books Closure And Distribution Payment Date - Capital Component
BackFeb 12, 2020
| Announcement Title | Capital Distribution |
| Date & Time of Broadcast | Feb 12, 2020 8:20 |
| Status | New |
| Corporate Action Reference | SG200212CAPDL8ZU |
| Submitted By (Co./ Ind. Name) | Tan Lay Hong |
| Designation | Company Secretary |
| Dividend/ Distribution Number | Applicable |
| Value | 1 |
| Financial Year End | 31/12/2019 |
| Dividend/ Distribution Period | 19/07/2019 TO 31/12/2019 |
| Number of Days | 166 |
| Event Narrative | |
| Narrative Type | Narrative Text |
| Additional Text | Prime US REIT has announced the distribution of US 3.15 cents per unit for the period from 19 July 2019 (listing date) to 31 December 2019 which comprises two components: (a) distribution out of tax-exempt income of US 2.00 cents; and (b) distribution out of capital of US 1.15 cents. Please refer to the attachment. |
| Additional Text | An Advance Distribution is estimated to be US 0.96 cents for the period from 1 January 2020 to 20 February 2020, being the date immediately prior to the date on which the new units in Prime US REIT are issued in connection with the Private Placement. |
| 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 by Friday, 6 March 2020, will be subject to 30% withholding taxes on the Distribution. |
| Event Dates | |
| Record Date and Time | 20/02/2020 17:00:00 |
| Ex Date | 19/02/2020 |
| Disbursement Details | |
| Cash Payment Details | |
| Payment Type | Tax Not Applicable |
| Gross Rate (per share) | USD 0.0115 |
| Net Rate (per share) | USD 0.0115 |
| Pay Date | 30/03/2020 |
| Gross Rate Status | Actual Rate |
Applicable for REITs/ Business Trusts/ Stapled Securities |
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Attachments
- Attachment 1 (Size: 264,046 bytes)