Notice To Unitholders On Exchange Rate For Computation Of Distribution In U.S. Dollars - Capital Distribution

BackMar 28, 2017
Announcement Title Capital Distribution
Date & Time of Broadcast Mar 28, 2017 19:48
Status Replace
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 Text Subsequent 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 Text Manulife 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 Conditions The 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 Text

Sponsorship 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 Text DBS 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

Applicable for REITs/ Business Trusts/ Stapled Securities
  1. Attachment 1 (Size: 134,043 bytes)