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
28-Jun-2021 07:59:37
Status
New
Corporate Action Reference
SG210628DVOPRUN8
Submitted By (Co./ Ind. Name)
Ngiam May Ling
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
4
Dividend/ Distribution Type
Interim
Financial Year End
31/12/2021
Declared Dividend/ Distribution Rate (Per Share/ Unit)
USD 0.0221
Dividend/ Distribution Period
01/01/2021 TO 05/07/2021
Number of Days
186

Event Narrative

Narrative Type
Narrative Text
Additional TextThis announcement supersedes the earlier announcements (announcement reference number: SG210624DVCAXSFL) made on 24 June 2021 and 25 June 2021.

The revised Record Date is 5 July 2021.
The revised Election Period is from 13 July 2021 to 27 July 2021.
Additional TextPrime US REIT has announced the distribution of US 3.37 to US 3.42 cents per unit for the period from 1 January 2021 to 5 July 2021 which comprises two components:
(a) distribution out of tax-exempt income of US 2.21 cents; and
(b) distribution out of capital of US 1.16 to US 1.21 cents.
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, 27 July 2021, will be subject to an effective withholding tax of 32.24% on the tax-exempt income distribution.
Additional TextPlease refer to the attachment on the revised Notice of Record Date Announcement.

Event Dates

Record Date and Time
05/07/2021 17:00:00
Ex Date
02/07/2021

Option 1-Cash Payment Details

Election Period
13/07/2021 TO 27/07/2021
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
USD 0.0221
Net Rate (Per Share)
USD 0.0221
Pay Date
20/08/2021
Gross Rate Status
Indicative Rate
Currency Pair
SGD/USD

Option 2-Cash Payment Details

Election Period
13/07/2021 TO 27/07/2021
Default Option
No
Option Currency
United States Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
USD 0.0221
Net Rate (Per Share)
USD 0.0221
Pay Date
20/08/2021
Gross Rate Status
Indicative Rate

Security Option Details

Election Period
13/07/2021 TO 27/07/2021
New Security ISIN
SGXC75818630
New Security Name
PRIME US REIT
Security Not Found
No
Fractional Disposition Method
Round down fraction to last full unit
Security Credit Date
20/08/2021

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities