Manulife US REIT ("MUST" or the "REIT") is a Singapore listed REIT established with the investment strategy principally to invest, directly or indirectly, in a portfolio of income-producing office real estate in key markets in the United States ("U.S."), as well as real estate-related assets.
Manulife US Real Estate Management Pte. Ltd. (the "Manager") is an indirect wholly-owned subsidiary of The Manufacturers Life Insurance Company (the "Sponsor"). The Manager's key objectives are to provide Unitholders with regular and stable distributions and to achieve long-term growth in DPU and NAV per Unit, while maintaining an appropriate capital structure.
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To ensure that the underlying Parent U.S. REIT qualify for favourable tax treatment under the U.S. Portfolio Interest Exemption rule, all Unitholders are prohibited from directly or indirectly owning in excess of 9.8% of the outstanding Units ("Unit Ownership Limit") in Manulife US REIT, subject to any increase or waiver pursuant to the terms of Manulife US REIT's Trust Deed and on the written recommendation of the Manager.
In order to be exempted from 30% U.S. withholding tax, the Sponsor holds less than 9.8% to comply with the following US tax rules:
Please refer to the Portfolio section for detailed information of all properties. Property videos can also be found on this page.
You can invest in Manulife US REIT with funds from your SRS account through DBS Bank, OCBC Bank and UOB Bank. Manulife US REIT is currently not included under the CPF Investment Scheme.
MUST's distribution policy is to distribute at least 90.0% of its distributable income and distributions are paid on a semi-annual basis in which the Manager determines the actual level of distribution.
For listed securities which derive income in the U.S., the U.S. Internal Revenue Service ("IRS") requires certain documentation from the ultimate beneficial owner to ensure the appropriate level of withholding tax is deducted.
Unitholders are subject to a maximum withholding tax rate of 30% on income they derive from U.S. investments. Hence, Unitholders must comply with certain documentation requirements in order to be exempted from certain withholding tax under the United States Internal Revenue Code of 1986, as amended (the "IRC"), including under the United States Foreign Account Tax Compliance Act ("FATCA").
Please refer to the Tax Info section to download the Investor Pack, which includes the (1) Form W-8BEN and (2) Currency Election Form. Please complete both forms and mail them to our Unit Registrar.
Forms should be mailed to Boardroom Corporate & Advisory Services Pte Ltd, 50 Raffles Place, #32-01, Singapore Land Tower, Singapore 048623.
You are only required to fill in these two parts:
Line 1 (Full Name), Line 2 (Country of Citizenship), Line 3 (Address) and Line 6 (NRIC or Passport no.); and
Please sign your signature and write your full name below your signature under "Print name of signer", as well as the date you completed this form.
Forms W-8BEN or W-9 submitted to Manulife US REIT will be valid for the year they are signed and for the next three calendar years. For example, a Form W-8BEN signed on 20 April 2018 remains valid through 31 December 2021.
You will need to submit a duly completed Form W-8BEN for Manulife US REIT, as the Form W-8BEN you have previously submitted to the brokerage firm for buying into U.S. shares cannot be used for Manulife US REIT.
This could be because your form is not successfully validated by the U.S. tax authorities or in the case of a joint account; one of the Unitholders did not fill up the form.
Please call CDP directly at 6535 7511 to update your address and submit a new Form W-8BEN stating your new address to Boardroom at 50 Raffles Place, #32-01, Singapore Land Tower, Singapore 048623. Kindly note that no cancellation or countersign is allowed on the form.
By default, distribution payments for all Unitholders are made in SGD. If you would like to receive your distribution payments in USD, you can do so by filling up the Currency Election Form.
If you elect to receive your distributions in USD, payment will be made out in cheque (and mailed to your address registered with CDP). For cheques deposited into a SGD account, distributions will be converted based on the bank's internal exchange rate.
Yes, please email the completed forms to firstname.lastname@example.org.
The reminder letter is auto-generated. Kindly ignore it if you have already submitted your forms to Boardroom or Manulife US REIT.