REPL::Cash Dividend/ Distribution::Choice

Issuer & Securities

Issuer/ Manager
KBS US PRIME PROPERTY MANAGEMENT PTE. LTD.
Security
PRIME US REIT - SGXC75818630 - OXMU

Announcement Details

Announcement Title
Cash Dividend/ Distribution with Choice
Date &Time of Broadcast
18-Sep-2020 17:38:59
Status
Replacement
Corporate Action Reference
SG200806DVCANA7Q
Submitted By (Co./ Ind. Name)
Tan Lay Hong
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
2
Dividend/ Distribution Type
Interim
Financial Year End
31/12/2020
Declared Dividend/ Distribution Rate (Per Share/ Unit)
USD 0.0211
Dividend/ Distribution Period
21/02/2020 TO 30/06/2020
Number of Days
131

Event Narrative

Narrative Type
Narrative Text
Additional TextSubsequent to the announcement of the Notice of Record and Distribution Payment Date on 6 August 2020, a Notice to Unitholders on the exchange rate for the computation of the distribution is attached.
Additional TextPrime US REIT is pleased to announce the distribution of US 2.56 cents per unit for the period from 21 February 2020 to 30 June 2020 which comprises two components:
(a) distribution out of tax-exempt income of US 2.11 cents; and
(b) distribution out of capital of US 0.45 cents per unit.
Taxation ConditionsThe tax-exempt income component is exempt from tax in the hands of all Unitholders. No tax will be deducted at source from this component.

Event Dates

Record Date and Time
17/08/2020 17:00:00
Ex Date
14/08/2020

Option 1-Cash Payment Details

Election Period
19/08/2020 TO 01/09/2020
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
USD 0.0211
Net Rate (Per Share)
USD 0.0211
Pay Date
23/09/2020
Gross Rate Status
Actual Rate
Currency Pair
SGD/USD
Exchange Rate
1.3611
Gross Rate in Option Currency
SGD 0.028719

Option 2-Cash Payment Details

Election Period
19/08/2020 TO 01/09/2020
Default Option
No
Option Currency
United States Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
USD 0.0211
Net Rate (Per Share)
USD 0.0211
Pay Date
23/09/2020
Gross Rate Status
Actual Rate

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities