News

Issue Price Of New Units Pursuant To The Distribution Reinvestment Plan For The Distribution Period From 1 January 2023 To 30 June 2023 - Capital Distribution

BackAug 21, 2023
Announcement Title Scrip Election/ Distribution/ DRP
Date & Time of Broadcast Aug 21, 2023 18:44
Status Replace
Corporate Action Reference SG230812DVOP4UZ2
Submitted By (Co./ Ind. Name) Winnie Yap
Designation Chief Financial Officer
Dividend/ Distribution Number Applicable
Value 8
Dividend/ Distribution Type Interim
Financial Year End 31/12/2023
Declared Dividend/ Distribution Rate (Per Share/ Unit) USD 0.0094
Dividend/ Distribution Period 01/01/2023 TO 30/06/2023
Number of Days 181
Event Narrative
Narrative Type Narrative Text
Additional Text United Hampshire REIT is pleased to announce the distribution of US 2.65 cents per unit for the period from 1 January 2023 to 30 June 2023 which comprises 2 components:

(a) Distribution out of tax-exempt income of US 1.71 cents per Unit, and;
(b) Distribution out of capital of US 0.94 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 30.9889% on 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 Tuesday, 12 September 2023.
Additional Text 21 August 2023 - Please refer to the attachment for the Issue Price of New Units Pursuant to the Distribution Reinvestment Plan for the period from 1 January 2023 to 30 June 2023.
Event Dates
Record Date and Time 21/08/2023 17:00:00
Ex Date 18/08/2023
Option 1-Cash Payment Details
Election Period 25/08/2023 TO 12/09/2023
Default Option Yes
Option Currency Singapore Dollar
Payment Type Tax Not Applicable
Gross Rate (Per Share) USD 0.0094
Net Rate (Per Share) USD 0.0094
Pay Date 28/09/2023
Gross Rate Status Indicative Rate
Currency Pair SGD/USD
Option 2-Cash Payment Details
Election Period 25/08/2023 TO 12/09/2023
Default Option No
Option Currency United States Dollar
Payment Type Tax Not Applicable
Gross Rate (Per Share) USD 0.0094
Net Rate (Per Share) USD 0.0094
Pay Date 28/09/2023
Gross Rate Status Indicative Rate
Security Option Details
Election Period 25/08/2023 TO 12/09/2023
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 0.395
Security Credit Date 28/09/2023

Applicable for REITs/ Business Trusts/ Stapled Securities

Attachments

  1. Attachment 1 (Size: 125,160 bytes)
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