Key Facts and Investor Actions:
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Distribution Details: Prime US REIT will distribute US 0.18 cents per unit for the period from 1 January 2024 to 30 June 2024.
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Record Date: The Transfer Books and Register of Unitholders will close at 5:00 p.m. on 21 August 2024. Only unitholders with securities accounts credited by this date will be eligible for the distribution.
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Payment Date: The distribution will be paid on 30 September 2024.
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Tax Information: The 1H2024 Distribution consists solely of a tax-exempt income component. Unitholders who do not submit the required U.S. tax forms accurately by 6 September 2024 will be subject to a 31.78% withholding tax.
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Currency Election:
- Unitholders will receive the distribution in Singapore dollars unless they opt for U.S. dollars by submitting a “Distribution Election Notice” by 6 September 2024.
- Unitholders who have not opted to receive U.S. dollars will receive the distribution in Singapore dollars computed based on the exchange rate of US$1 = S$1.2860 (as of 25 September 2024).
Important Dates:
- Units traded “ex” distribution: 20 August 2024, 9:00 a.m.
- Closure of Transfer Books and Register of Unitholders: 21 August 2024, 5:00 p.m.
- Tax form submission and currency election deadline: 6 September 2024, 5:00 p.m.
- Distribution payment date: 30 September 2024.
Special Notes for Investors:
- Investors are urged to submit the necessary U.S. tax forms promptly to avoid withholding taxes.
- Those opting to receive the distribution in U.S. dollars must ensure timely submission of the “Distribution Election Notice.”
