Keppel DC REIT Announces Preferential Offering and Advanced Distribution Dates
Keppel DC REIT Announces Preferential Offering and Advanced Distribution Dates
Keppel DC REIT has announced critical dates for its advanced distribution and preferential offering, which are significant for shareholders. The advanced distribution will cover the period from July 1, 2024, to November 27, 2024, and is estimated to be between 4.063 cents and 4.103 cents per Unit. Shareholders should note the distribution will consist of taxable income, tax-exempt income, and capital distribution.
The Preferential Offering Record Date is set for November 27, 2024, which determines shareholders’ eligibility for new units and distributable income. The new units from the private placement are expected to list on the SGX-ST on November 28, 2024. The next distribution after the advanced distribution will cover income from the issuance date of the new units to December 31, 2024.
Shareholders should be aware of the tax implications of the advanced distribution. Tax-exempt income and capital distribution are not subject to Singapore income tax. However, taxable income distribution may have tax deducted at source unless the shareholder is a qualifying unitholder, such as Singapore-incorporated companies, individuals, and certain international organizations.
The announcement also details the treatment of distributions for various types of shareholders, including CPF/SRS account holders who will receive a tax-exempt distribution and foreign funds that will receive their distribution net of a 10% tax. Shareholders must complete and return the required tax forms by December 16, 2024, to avoid a 17% tax deduction.
Important Dates:
- November 25, 2024: Last date for units to be quoted on a “cum-distribution” basis.
- November 27, 2024: Close of Transfer Books and Register of Unitholders.
- February 10, 2025: Expected payment of the advanced distribution.
Investors should be aware of the potential impact of these announcements on Keppel DC REIT’s share value, given the changes in unit holdings and distribution payments.
Disclaimer: This document is for informational purposes only and does not constitute a solicitation to buy or sell securities. Readers should conduct their own research or consult with a financial advisor before making investment decisions.
View Keppel DC Reit Historical chart here
