- 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 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 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||Please refer to the attached announcement on the exchange rate of US$1 = S$1.3552, being the buy rate for Singapore dollars on 25 March 2022. 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.|