- Narrative Type
- Narrative Text
|Additional Text||Prime US REIT is pleased to announce the distribution of US 3.36 cents per unit for the period from 6 July 2021 to 31 December 2021 which comprises two components:|
(a) distribution out of tax-exempt income of US 2.07 cents; and
(b) distribution out of capital of US 1.29 cents per unit.
|Additional Text||KBS US Prime Property Management Pte. Ltd., as manager of Prime US REIT, has determined that the distribution reinvestment plan ( DRP ) will apply to the above 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 30.12% 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, 11 March 2022.|
|Additional Text||3 March 2022 - Please refer to the attachment on the Despatch of Notices of Election Pursuant to the Distribution Reinvestment Plan for the period from 6 July 2021 to 31 December 2021.|