Scrip Election/ Distribution/ DRP::Choice

Issuer & Securities

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

Announcement Details

Announcement Title
Scrip Election/ Distribution/ DRP
Date &Time of Broadcast
16-Feb-2022 18:19:02
Status
New
Corporate Action Reference
SG220216DVOP0GMP
Submitted By (Co./ Ind. Name)
Ngiam May Ling
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
5
Dividend/ Distribution Type
Final
Financial Year End
31/12/2021
Declared Dividend/ Distribution Rate (Per Share/ Unit)
USD 0.0129
Dividend/ Distribution Period
06/07/2021 TO 31/12/2021
Number of Days
179

Event Narrative

Narrative Type
Narrative Text
Additional TextPrime 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 TextKBS 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 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 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.

Event Dates

Record Date and Time
24/02/2022 17:00:00
Ex Date
23/02/2022

Cash Payment Details

Election Period
03/03/2022 TO 11/03/2022
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Not Applicable
Gross Rate (Per Share)
USD 0.0129
Net Rate (Per Share)
USD 0.0129
Pay Date
31/03/2022
Gross Rate Status
Indicative Rate
Currency Pair
SGD/USD

Security Option Details

Election Period
03/03/2022 TO 11/03/2022
New Security ISIN
SGXC75818630
New Security Name
PRIME US REIT
Security Not Found
No
Fractional Disposition Method
Round down fraction to last full unit

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities