SPH REIT posts half a cent DPU for Q3 FY2020

This will be closed on 9 July and the distribution will be on 18 August.

SPH REIT has proposed a distribution of 0.5 cents per unit for the period from 1 March to 31 May, according to a filing. The transfer books and register of unitholders of SPH REIT will be closed on 9 July, whilst the distribution will be on 18 August.

The distribution comprises wholly taxable income distribution, which will be deducted at source from the taxable income component in certain circumstances.

Unitholders who hold units in their sole names or jointly with other individuals, as well as unitholders who hold units under the Central Provident Fund Investment Scheme (CPFIS) or Supplementary Retirement Scheme (SRS), will receive a gross distribution and no tax will be deducted at source.

Meanwhile, qualifying unitholders who have a company incorporated and tax resident in Singapore, a Singapore branch of a foreign company, or non-corporate entities constituted or registered in Singapore, an international organisation that is exempt from tax, or real estate investment trust exchange-traded fund (REIT ETF) will receive a gross distribution, but will have to pay income tax subsequently at their own applicable tax rates unless they are exempt from tax because of their own circumstances.

Further, foreign non-individual investors and foreign funds will receive their distribution net of 10% tax along with nominees who hold units for the benefit of qualifying foreign (non-individual) investors or foreign funds. Joint unitholders and all other unitholders will receive their distribution net of 17% tax.

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