News

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

BackMar 26, 2024
Announcement Title Scrip Election/ Distribution/ DRP
Date & Time of Broadcast Mar 26, 2024 16:41
Status Replace
Corporate Action Reference SG240222DVOP5QAI
Submitted By (Co./ Ind. Name) Winnie Yap
Designation Chief Financial Officer
Dividend/ Distribution Number Applicable
Value 9
Dividend/ Distribution Type Final
Financial Year End 31/12/2023
Declared Dividend/ Distribution Rate (Per Share/ Unit) USD 0.0082
Dividend/ Distribution Period 01/07/2023 TO 31/12/2023
Number of Days 184
Event Narrative
Narrative Type Narrative Text
Additional Text United Hampshire US REIT is pleased to announce the distribution of US 2.14 cents per unit for the period from 1 July 2023 to 31 December 2023 which comprises 2 components:

(a) Distribution out of tax-exempt income of US 1.32 cents per Unit, and;
(b) Distribution out of capital of US 0.82 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.
Additional Text 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, 18 March 2024.
Additional Text This supersedes the announcement made on 22 March 2024.
Additional Text Please refer to the attached announcement on the exchange rate of US$1 = S$1.3445, which was the buy rate for Singapore dollars on 22 March 2024. For unitholders who have not opted to receive their distribution in U.S. dollars, the amount of distribution to be paid in Singapore dollars will be computed based on this exchange rate.
Event Dates
Record Date 01/03/2024
Ex Date 29/02/2024
Option 1-Cash Payment Details
Election Period 07/03/2024 TO 18/03/2024
Default Option Yes
Option Currency Singapore Dollar
Payment Type Tax Not Applicable
Gross Rate (Per Share) USD 0.0082
Net Rate (Per Share) USD 0.0082
Pay Date 28/03/2024
Gross Rate Status Indicative Rate
Currency Pair SGD/USD
Exchange Rate 1.3445
Gross Rate in Option Currency SGD 0.011025
Option 2-Cash Payment Details
Election Period 07/03/2024 TO 18/03/2024
Default Option No
Option Currency United States Dollar
Payment Type Tax Not Applicable
Gross Rate (Per Share) USD 0.0082
Net Rate (Per Share) USD 0.0082
Pay Date 28/03/2024
Gross Rate Status Indicative Rate
Security Option Details
Election Period 07/03/2024 TO 18/03/2024
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 0.456
Security Credit Date 28/03/2024

Applicable for REITs/ Business Trusts/ Stapled Securities

Attachments

  1. Attachment 1 (Size: 117,633 bytes)
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