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
24-Mar-2021 19:00:24
Status
Replacement
Corporate Action Reference
SG210217DVCAPQXV
Submitted By (Co./ Ind. Name)
Ngiam May Ling
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
3
Dividend/ Distribution Type
Final
Financial Year End
31/12/2020
Declared Dividend/ Distribution Rate (Per Share/ Unit)
USD 0.0239
Dividend/ Distribution Period
01/07/2020 TO 31/12/2020
Number of Days
184

Event Narrative

Narrative Type
Narrative Text
Additional TextSubsequent to the announcement of the Notice of Record and Distribution Payment Date on 17 February 2021, 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 3.42 cents per unit for the period from 1 July 2020 to 31 December 2020 which comprises two components:
(a) distribution out of tax-exempt income of US 2.39 cents; and
(b) distribution out of capital of US 1.03 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
25/02/2021 17:00:00
Ex Date
24/02/2021

Option 1-Cash Payment Details

Election Period
01/03/2021 TO 10/03/2021
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
USD 0.0239
Net Rate (Per Share)
USD 0.0239
Pay Date
30/03/2021
Gross Rate Status
Actual Rate
Currency Pair
SGD/USD
Exchange Rate
1.3412
Gross Rate in Option Currency
SGD 0.032055

Option 2-Cash Payment Details

Election Period
01/03/2021 TO 10/03/2021
Default Option
No
Option Currency
United States Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
USD 0.0239
Net Rate (Per Share)
USD 0.0239
Pay Date
30/03/2021
Gross Rate Status
Actual Rate

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities