REPL::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
28-Mar-2017 19:48:32
Status
Replacement
Corporate Action Reference
SG170213CAPD9A12
Submitted By (Co./ Ind. Name)
Jill Smith
Designation
Chief Executive Officer
Dividend/ Distribution Number
Applicable
Value
1
Financial Year End
31/12/2016
Dividend/ Distribution Period
20/05/2016 TO 31/12/2016
Number of Days
226

Event Narrative

Narrative Type
Narrative Text
Additional TextSubsequent to the announcement on the Notice of Book Closure and Distribution Payment Date on 13 February 2017, a Notice to Unitholders on the exchange rate for the computation of distribution is attached.
Additional TextManulife US REIT had announced on 13 February 2017 the distribution of 3.55 cents (USD) per unit for the period from 20 May 2016 to 31 Dec 2016 which comprises two components: (a) distribution out of tax-exempt income of 1.92 cents (USD); and (b) distribution out of capital of 1.63 cents (USD).
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.
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
21/02/2017 17:00:00
Ex Date
17/02/2017

Disbursement Details

Cash Payment Details
Payment Type
Tax Not Applicable
Gross Rate (per share)
USD 0.0163
Net Rate (per share)
USD 0.0163
Pay Date
30/03/2017
Gross Rate Status
Actual Rate

Attachments

Related Announcements

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13/02/2017 08:08:56

Applicable for REITs/ Business Trusts/ Stapled Securities