News
Issue Price Of New Units Pursuant To The Distribution Reinvestment Plan For The Distribution Period From 1 July 2022 To 31 December 2022 - Capital Distribution
BackMar 03, 2023
| Announcement Title | Scrip Election/ Distribution/ DRP |
| Date & Time of Broadcast | Mar 3, 2023 19:41 |
| Status | Replace |
| Corporate Action Reference | SG230222DVOPU59F |
| Submitted By (Co./ Ind. Name) | Winnie Yap |
| Designation | Finance Director |
| Dividend/ Distribution Number | Applicable |
| Value | 7 |
| Dividend/ Distribution Type | Final |
| Financial Year End | 31/12/2022 |
| Declared Dividend/ Distribution Rate (Per Share/ Unit) | USD 0.0106 |
| Dividend/ Distribution Period | 01/07/2022 TO 31/12/2022 |
| Number of Days | 184 |
| Event Narrative | |
| Narrative Type | Narrative Text |
| Additional Text | United Hampshire REIT is pleased to announce the distribution of US 2.97 cents per unit for the period from 1 July 2022 to 31 December 2022 which comprises 2 components: (a) Distribution out of tax-exempt income of US 1.91 cents per Unit, and; (b) Distribution out of capital of US 1.06 cents per Unit. |
| Additional Text | United Hampshire US REIT Management Pte. Ltd., as manager of United Hampshire US REIT, has determined that the distribution reinvestment plan (DRP) will apply to the above distribution. Please refer to the attached Notice of Record Date and Application of DRP announcement. |
| 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 |
| Taxation Conditions | Unitholders who do not submit required U.S. tax forms completely and accurately will be subject to an effective withholding tax of 30.2787% the tax-exempt income distribution. |
| Taxation Conditions | Unitholders are reminded to submit the completed tax forms to United Hampshire US REIT's Unit Registrar - Boardroom Corporate & Advisory Services Pte Ltd by Monday, 20 March 2023. |
| Additional Text | 3 March 2023 Please refer to the attachment for the Issue Price of New Units Pursuant to the Distribution Reinvestment Plan for the period from 1 July 2022 to 31 December 2022. |
| Event Dates | |
| Record Date and Time | 02/03/2023 17:00:00 |
| Ex Date | 01/03/2023 |
| Option 1-Cash Payment Details | |
| Election Period | 08/03/2023 TO 20/03/2023 |
| Default Option | Yes |
| Option Currency | Singapore Dollar |
| Payment Type | Tax Exempted |
| Gross Rate (Per Share) | USD 0.0106 |
| Net Rate (Per Share) | USD 0.0106 |
| Pay Date | 31/03/2023 |
| Gross Rate Status | Indicative Rate |
| Country of Income | United States of America |
| Currency Pair | SGD/USD |
| Security Option Details | |
| Election Period | 08/03/2023 TO 20/03/2023 |
| New Security ISIN | SGXC39411175 |
| New Security Name | UNITED HAMPSHIRE US REIT |
| Security Not Found | No |
| Fractional Disposition Method | Round down fraction to last full unit |
| Issue/ Reinvestment Price | USD 0.485 |
| Security Credit Date | 31/03/2023 |
| Option 2-Cash Payment Details | |
| Election Period | 08/03/2023 TO 20/03/2023 |
| Default Option | No |
| Option Currency | United States Dollar |
| Payment Type | Tax Exempted |
| Gross Rate (Per Share) | USD 0.0106 |
| Net Rate (Per Share) | USD 0.0106 |
| Pay Date | 31/03/2023 |
| Gross Rate Status | Indicative Rate |
Applicable for REITs/ Business Trusts/ Stapled Securities |
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Attachments
- Attachment 1 (Size: 231,457 bytes)
