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
12-Feb-2020 08:17:51
Status
New
Corporate Action Reference
SG200212DVCA6SNL
Submitted By (Co./ Ind. Name)
Tan Lay Hong
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
1
Dividend/ Distribution Type
Final
Financial Year End
31/12/2019
Declared Dividend/ Distribution Rate (Per Share/ Unit)
USD 0.02
Dividend/ Distribution Period
19/07/2019 TO 31/12/2019
Number of Days
166

Event Narrative

Narrative Type
Narrative Text
Additional TextPrime US REIT has announced the distribution of US 3.15 cents per unit for the period from 19 July 2019 (listing date) to 31 December 2019 which comprises two components:
(a) distribution out of tax-exempt income of US 2.00 cents; and
(b) distribution out of capital of US 1.15 cents,

Please refer to the attachment.
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.
Taxation ConditionsUnitholders who do not submit required U.S. tax forms completed 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

Option 1-Cash Payment Details

Election Period
24/02/2020 TO 06/03/2020
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
USD 0.02
Net Rate (Per Share)
USD 0.02
Pay Date
30/03/2020
Gross Rate Status
Actual Rate
Currency Pair
SGD/USD

Option 2-Cash Payment Details

Election Period
24/02/2020 TO 06/03/2020
Default Option
No
Option Currency
United States Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
USD 0.02
Net Rate (Per Share)
USD 0.02
Pay Date
30/03/2020
Gross Rate Status
Actual Rate

Attachments

Related Announcements

Related Announcements

25/03/2020 18:21:46

Applicable for REITs/ Business Trusts/ Stapled Securities