REPL::Cash Dividend/ Distribution::Choice

Issuer & Securities

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

Announcement Details

Announcement Title
Cash Dividend/ Distribution with Choice
Date &Time of Broadcast
26-Mar-2025 17:27:50
Status
Replacement
Corporate Action Reference
SG250219DVCACHJX
Submitted By (Co./ Ind. Name)
LUN CHEE LEONG
Designation
COMPANY SECRETARY
Dividend/ Distribution Number
Applicable
Value
11
Dividend/ Distribution Type
Final
Financial Year End
31/12/2024
Declared Dividend/ Distribution Rate (Per Share/ Unit)
USD 0.0011
Dividend/ Distribution Period
01/07/2024 TO 31/12/2024
Number of Days
184

Event Narrative

Narrative Type
Narrative Text
Additional TextPrime US REIT is pleased to announce the distribution out of tax-exempt income of US 0.11 cents per unit for the period from 1 July 2024 to 31 December 2024.
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, 11 March 2025, will be subject to withholding tax of 30.0% on the distribution.
Additional TextPlease refer to the attached announcement on the exchange rate of US$1 = S$1.3359, being the buy
rate for Singapore dollars on 26 March 2025. For unitholders of Prime US REIT who have not
opted to receive their distribution in U.S. dollars, the amount of distribution to be paid in Singapore
dollars will be computed based on this exchange rate.

Event Dates

Record Date
27/02/2025
Ex Date
26/02/2025

Option 1-Cash Payment Details

Election Period
04/03/2025 TO 11/03/2025
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
USD 0.0011
Net Rate (Per Share)
USD 0.0011
Pay Date
28/03/2025
Gross Rate Status
Actual Rate
Currency Pair
SGD/USD
Exchange Rate
1.3359
Gross Rate in Option Currency
SGD 0.001469

Option 2-Cash Payment Details

Election Period
04/03/2025 TO 11/03/2025
Default Option
No
Option Currency
United States Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
USD 0.0011
Net Rate (Per Share)
USD 0.0011
Pay Date
28/03/2025
Gross Rate Status
Actual Rate

Attachments

Related Announcements

Related Announcements

19/02/2025 17:23:47

Applicable for REITs/ Business Trusts/ Stapled Securities