- Narrative Type
| - Narrative Text
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| Additional Text | Prime US REIT is pleased to announce the distribution of US 3.03 cents per unit for the period from 1 July 2022 to 31 December 2022 which comprises two components:
(a) distribution out of tax-exempt income of US 2.05 cents per Unit; and
(b) distribution out of capital of US 0.98 cents per Unit. |
| Additional Text | Prime US REIT Management Pte. Ltd., as manager of Prime US REIT, has determined that the distribution reinvestment plan ( DRP ) will apply to the 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 30.87% 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, 10 March 2023. |
| Additional Text | 31 March 2023 - Please refer to the attached announcement on the issue and listing of 897,509 new units in Prime US REIT at an issue price of US$0.444 per new unit today pursuant to Prime US REIT's Distribution Reinvestment Plan, for the period from 1 July 2022 to 31 December 2022. |