REPL::Cash Dividend/ Distribution::Choice

Issuer & Securities

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

Announcement Details

Announcement Title
Cash Dividend/ Distribution with Choice
Date &Time of Broadcast
23-Feb-2024 20:51:19
Status
Replacement
Corporate Action Reference
SG240221DVCAKQ6I
Submitted By (Co./ Ind. Name)
LUN CHEE LEONG
Designation
COMPANY SECRETARY
Dividend/ Distribution Number
Applicable
Value
9
Dividend/ Distribution Type
Final
Financial Year End
31/12/2023
Declared Dividend/ Distribution Rate (Per Share/ Unit)
USD 0.002
Dividend/ Distribution Period
01/07/2023 TO 31/12/2023
Number of Days
184

Event Narrative

Narrative Type
Narrative Text
Additional TextPrime US REIT is pleased to announce the distribution of US 0.25 cents per unit for the period from 1 July 2023 to 31 December 2023 which comprises two components:

(a) distribution out of tax-exempt income of US 0.20 cents per Unit; and
(b) distribution out of capital of US 0.05 cents per Unit.
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 completely and accurately by Tuesday, 12 March 2024, will be subject to withholding tax of 32.74% on the Distribution.

Event Dates

Record Date
04/03/2024
Ex Date
01/03/2024

Option 1-Cash Payment Details

Election Period
06/03/2024 TO 12/03/2024
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
USD 0.002
Net Rate (Per Share)
USD 0.002
Pay Date
28/03/2024
Gross Rate Status
Actual Rate
Currency Pair
SGD/USD

Option 2-Cash Payment Details

Election Period
06/03/2024 TO 12/03/2024
Default Option
No
Option Currency
United States Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
USD 0.002
Net Rate (Per Share)
USD 0.002
Pay Date
28/03/2024
Gross Rate Status
Actual Rate

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities