REPL::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
15-Aug-2022 17:28:13
Status
Replacement
Corporate Action Reference
SG220804DVOPR1YX
Submitted By (Co./ Ind. Name)
LUN CHEE LEONG
Designation
COMPANY SECRETARY
Dividend/ Distribution Number
Applicable
Value
6
Dividend/ Distribution Type
Interim
Financial Year End
31/12/2022
Declared Dividend/ Distribution Rate (Per Share/ Unit)
USD 0.0152
Dividend/ Distribution Period
01/01/2022 TO 30/06/2022
Number of Days
181

Event Narrative

Narrative Type
Narrative Text
Additional TextPrime US REIT is pleased to announce the distribution of US 3.52 cents per unit for the period from 1 January 2022 to 30 June 2022 which comprises two components:

(a) distribution out of tax-exempt income of US 2.00 cents; and
(b) distribution out of capital of US 1.52 cents per unit.
Additional TextKBS US Prime Property Management Pte. Ltd., as manager of Prime US REIT, has determined that the distribution reinvestment plan (DRP) will apply to the above distribution.

Please refer to the Notice of Record Date and Application of DRP
announcement 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 an effective withholding tax of 31.32% on the tax-exempt income distribution. The U.S. tax forms are required to be reviewed and validated by the appointed processing agent by Monday, 5 September 2022.
Additional Text15 August 2022 - Please refer to the attachment on the Issue Price of New Units Pursuant to the Distribution Reinvestment Plan for the period from 1 January 2022 to 30 June 2022.

Event Dates

Record Date and Time
12/08/2022 17:00:00
Ex Date
11/08/2022

Cash Payment Details

Election Period
22/08/2022 TO 30/08/2022
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Not Applicable
Gross Rate (Per Share)
USD 0.0152
Net Rate (Per Share)
USD 0.0152
Pay Date
26/09/2022
Gross Rate Status
Indicative Rate
Currency Pair
SGD/USD

Security Option Details

Election Period
22/08/2022 TO 30/08/2022
New Security ISIN
SGXC75818630
New Security Name
PRIME US REIT
Security Not Found
No
Fractional Disposition Method
Round down fraction to last full unit
Issue/ Reinvestment Price
USD 0.664
Security Credit Date
26/09/2022

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities