Capital Distribution::Mandatory

Issuer & Securities

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

Announcement Details

Announcement Title
Capital Distribution
Date &Time of Broadcast
14-Feb-2020 17:22:00
Status
New
Corporate Action Reference
SG200214CAPDW4M2
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
01/01/2020 TO 20/02/2020
Number of Days
51

Event Narrative

Narrative Type
Narrative Text
Additional TextAn 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 ConditionsThe 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 ConditionsUnitholders 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 0.0096
Net Rate (per share)
USD 0.0096
Pay Date
30/03/2020
Gross Rate Status
Actual Rate

Attachments

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Applicable for REITs/ Business Trusts/ Stapled Securities