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
17-Feb-2021 18:20:03
Status
New
Corporate Action Reference
SG210217CAPDJI6B
Submitted By (Co./ Ind. Name)
Ngiam May Ling
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
1
Financial Year End
31/12/2020
Dividend/ Distribution Period
01/07/2020 TO 31/12/2020
Number of Days
184

Event Narrative

Narrative Type
Narrative Text
Additional TextPrime US REIT is pleased to announce the distribution of US 3.42 cents per unit for the period from 1 July 2020 to 31 December 2020 which comprises two components:
(a) distribution out of tax-exempt income of US 2.39 cents; and
(b) distribution out of capital of US 1.03 cents per unit.

Please refer to 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 completed and accurately by Wednesday, 10 March 2020, will be subject to 30% withholding taxes on the Distribution.

Event Dates

Record Date and Time
25/02/2021 17:00:00
Ex Date
24/02/2021

Disbursement Details

Cash Payment Details
Payment Type
Tax Not Applicable
Gross Rate (per share)
USD 0.0103
Net Rate (per share)
USD 0.0103
Pay Date
30/03/2021
Gross Rate Status
Actual Rate

Attachments

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24/03/2021 19:04:12

Applicable for REITs/ Business Trusts/ Stapled Securities