Notice To Unitholders On Exchange Rate For Computation Of Distribution In U.S. Dollars - Capital Component
BackMar 26, 2019
|Date & Time of Broadcast
|Mar 26, 2019 17:38
|Corporate Action Reference
|Submitted By (Co./ Ind. Name)
|Chief Executive Officer
|Dividend/ Distribution Number
|Financial Year End
|Dividend/ Distribution Period
|01/07/2018 TO 31/12/2018
|Number of Days
|Manulife US REIT has announced the distribution of 3.04 cents (USD) per unit for the period from 01 July 2018 to 31 December 2018 which comprises two components:
(a) distribution out of tax-exempt income of 1.77 cents (USD); and
(b) distribution out of capital of 1.27 cents (USD).
Please refer to attachment.
|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.
|Unitholders who do not submit required U.S. tax forms completely and accurately will be subject to 30% withholding taxes on the Distribution. The U.S. tax forms are required to be reviewed and validated by the appointed processing agent by Monday, 11 March 2019 date.
|To ensure the forms can be validated by 11 March 2019, unitholders are reminded to submit the completed tax forms to Manulife US REIT Unit Registrar, Boardroom Corporate & Advisory Services Pte Ltd, no less than seven (7) calendar days before the validation deadline of 11 March 2019.
|Subsequent to the announcement on the Notice of Book Closure and Distribution Payment Date on 11 February 2019, a Notice to Unitholders on the exchange rate for the computation of distribution is attached.
|Record Date and Time
|Cash Payment Details
|Tax Not Applicable
|Gross Rate (per share)
|Net Rate (per share)
|Gross Rate Status
Applicable for REITs/ Business Trusts/ Stapled Securities