WD::Capital Distribution::Mandatory

Issuer & Securities

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

Announcement Details

Announcement Title
Capital Distribution
Date &Time of Broadcast
28-Jun-2021 15:59:51
Status
Withdraw
Corporate Action Reference
SG210624CAPDK07M
Submitted By (Co./ Ind. Name)
Ngiam May Ling
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
4
Financial Year End
31/12/2021
Dividend/ Distribution Period
01/01/2021 TO 04/07/2021
Number of Days
185

Event Narrative

Narrative Type
Narrative Text
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 4 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.
Please refer to the attachment.
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 by Monday, 26 July 2021, will be subject to an effective withholding tax of 32.06% on the tax-exempt income distribution.

Event Dates

Record Date and Time
02/07/2021 17:00:00
Ex Date
01/07/2021

Disbursement Details

Cash Payment Details
Payment Type
Tax Exempted
Gross Rate (per share)
USD 0.0119
Net Rate (per share)
USD 0.0119
Pay Date
19/08/2021
Gross Rate Status
Indicative Rate

Reason(s) for Withdrawal

Reason(s) for Withdrawal
As instructed by CDP to withdraw the incorrect announcement with corporate action reference no. SG210624CAPDK07M to avoid confusion to the market participants.

Attachments

Related Announcements

Related Announcements

24/06/2021 08:17:39

Applicable for REITs/ Business Trusts/ Stapled Securities