Capital Distribution::Mandatory

Issuer & Securities

Issuer/ Manager
MANULIFE US REAL ESTATE MANAGEMENT PTE. LTD.
Security
MANULIFE US REIT - SG1CI1000004 - BTOU

Announcement Details

Announcement Title
Capital Distribution
Date &Time of Broadcast
06-Feb-2018 07:28:31
Status
New
Corporate Action Reference
SG180206CAPDR9ZZ
Submitted By (Co./ Ind. Name)
Jill Smith
Designation
Chief Executive Officer
Dividend/ Distribution Number
Applicable
Value
3
Financial Year End
31/12/2017
Dividend/ Distribution Period
29/06/2017 TO 31/12/2017
Number of Days
186

Event Narrative

Narrative Type
Narrative Text
Additional TextManulife US REIT has announced the distribution of 2.57 cents (USD) per unit for the period from 29 June 2017 to 31 December 2017 which comprises two components:
(a) distribution out of tax-exempt income of 1.35 cents (USD); and
(b) distribution out of capital of 1.22 cents (USD).

Please refer to 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 30% withholding taxes on the Distribution. The U.S. tax forms are required to be reviewed and validated by the appointed processing agent by Friday, 9 March 2018.
Taxation ConditionsTo ensure the forms can be validated by 9 March 2018, unitholders are reminded to submit the completed tax forms to Manulife US REIT Unit Registrar (Boardroom Corporate & Advisory Services Pte. Ltd.) no less than seven (7) calendar days before the validation deadline of 9 March 2018.
Additional TextSponsorship Statement:
DBS Bank Ltd. was the Sole Financial Adviser and Issue Manager for the initial public offering of Manulife US Real Estate Investment Trust (Offering).
Additional TextDBS Bank Ltd., China International Capital Corporation (Singapore) Pte. Limited, Credit Suisse (Singapore) Limited and Deutsche Bank AG, Singapore Branch were the Joint Bookrunners and Underwriters for the Offering.

Event Dates

Record Date and Time
14/02/2018 17:00:00
Ex Date
12/02/2018

Disbursement Details

Cash Payment Details
Payment Type
Tax Not Applicable
Gross Rate (per share)
USD 0.0122
Net Rate (per share)
USD 0.0122
Pay Date
29/03/2018
Gross Rate Status
Actual Rate

Attachments

Related Announcements

Related Announcements

27/03/2018 18:08:38

Applicable for REITs/ Business Trusts/ Stapled Securities