REPL::Cash Dividend/ Distribution::Choice

Issuer & Securities

Issuer/ Manager
MANULIFE US REAL ESTATE MANAGEMENT PTE. LTD.
Security
MANULIFE US REIT - SG1CI1000004 - BTOU

Announcement Details

Announcement Title
Cash Dividend/ Distribution with Choice
Date &Time of Broadcast
03-Dec-2021 17:28:26
Status
Replacement
Corporate Action Reference
SG211201DVCACZFW
Submitted By (Co./ Ind. Name)
Tan Ling Ling
Designation
Company Secretary
Dividend/ Distribution Number
Not Applicable
Declared Dividend/ Distribution Rate (Per Share/ Unit)
USD 0.0216

Event Narrative

Narrative Type
Narrative Text
Additional TextThe quantum of Advanced Distribution per Existing Unit is currently estimated to range from 2.16 US cents to 2.36 US cents.
Additional TextA further announcement on the actual quantum of distribution per Unit (which may differ from the estimate above) under the Advanced Distribution will be made by the Manager in due course.

Please see attached for details.
Taxation ConditionsThe tax-exempt income is exempt from tax in the hands of all Unitholders. No tax will be deducted at source from this component.
Taxation ConditionsUnitholders who do not submit required U.S. tax forms completely and accurately will be subject to 30% withholding taxes on the Advanced Distribution. The U.S. tax forms are required to be reviewed and validated by the appointed processing agent by Monday, 10 January 2022.
Taxation ConditionsTo ensure the forms can be validated by Monday, 10 January 2022, Unitholders are reminded to submit the completed tax forms to Manulife US REIT's Unit Registrar - Boardroom Corporate & Advisory Services Pte Ltd by Monday, 3 January 2022.
Additional TextThe 3 December 2021 replacement announcement is to to clarify the Election Period as requested by SGX.

Event Dates

Record Date and Time
08/12/2021 17:00:00
Ex Date
07/12/2021

Option 1-Cash Payment Details

Election Period
13/12/2021 TO 03/01/2022
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Payment Rate in Gross
Taxable
No
Gross Rate (Per Share)
USD 0.0216
Net Rate (Per Share)
USD 0.0216
Pay Date
17/02/2022
Gross Rate Status
Indicative Rate
Currency Pair
SGD/USD

Option 2-Cash Payment Details

Election Period
13/12/2021 TO 03/01/2022
Default Option
No
Option Currency
United States Dollar
Payment Type
Payment Rate in Gross
Taxable
No
Gross Rate (Per Share)
USD 0.0216
Net Rate (Per Share)
USD 0.0216
Pay Date
17/02/2022
Gross Rate Status
Indicative Rate

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities