Prime US REIT has announced a distribution of US 0.18 cents per unit for the period from 1 January 2024 to 30 June 2024. The payment will be made on 30 September 2024.
The Transfer Books and Register of Unitholders will close on 21 August 2024 at 5:00 p.m. to determine the entitlements for the distribution. Unitholders on record at that time will be eligible for the 1H2024 distribution.
To avoid a withholding tax of 31.78% on the distribution, unitholders are required to submit the necessary U.S. tax forms completely and accurately by 6 September 2024. Failure to do so will result in the withholding tax being applied.
The distribution will be made in Singapore dollars by default unless unitholders elect to receive it in U.S. dollars. Those opting for U.S. dollars must submit a “Distribution Election Notice” by 6 September 2024. The exchange rate for unitholders opting for Singapore dollar distribution is set at 1 USD = 1.2860 SGD, based on the rate as of 25 September 2024.
Key Dates:
- Units will trade “ex” 1H2024 Distribution on 20 August 2024 at 9:00 a.m.
- Record Date: 21 August 2024 at 5:00 p.m.
- Tax form submission deadline: 6 September 2024.
- Distribution Payment Date: 30 September 2024.
The tax-exempt income component of this distribution is exempt from tax for all unitholders.
