(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 5 July 2004 (as amended))
ANNOUNCEMENT NOTICE OF BOOKS CLOSURE AND DISTRIBUTION PAYMENT DATENOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Mapletree Logistics Trust ("MLT") will be closed at 5.00 pm on Wednesday 1 February 2017 for the purpose of determining unitholders' entitlements to MLT's distribution. MLT has announced a distribution of 1.87 cents per unit for the period from 1 October 2016 to 31 December 2016 (the "3Q FY16/17 Distribution"). The distribution of 1.87 cents per unit comprises a taxable income component of 0.905 cents per unit, a tax-exempt income component of 0.81 cents per unit, other gains component of 0.04 cents per unit and a capital component of 0.115 cents per unit.
Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with units in MLT as at 5.00 pm on Wednesday 1 February 2017 will be entitled to the distribution that will be paid on Tuesday 28 February 2017.
The Distribution Reinvestment Plan ("DRP") had been suspended after the 1Q FY16/17 distribution for the period 1 April 2016 to 30 June 2016.
Declaration for Singapore Tax PurposesThe tax-exempt income component of the distribution is exempt from tax in the hands of all unitholders. No tax will be deducted at source from this component.
The other gains component of the distribution is not taxable in the hands of all unitholders.
The capital component of the distribution is treated as a return of capital for Singapore income tax purposes. No tax will be deducted at source from this component.
Tax will be deducted at source from the taxable income component in certain circumstances. The following paragraphs describe the circumstances in which tax will or will not be deducted from the taxable income component of the distribution.
The following categories of unitholders will receive a gross distribution (i.e. no tax will be deducted from it):-
unitholders who are individuals and who hold the units either in their sole names or jointly with other individuals;
unitholders which are companies incorporated and tax resident in Singapore;
unitholders which are Singapore branches of companies incorporated outside Singapore;
unitholders which are non-corporate entities (excluding partnerships) constituted or registered in Singapore; and
unitholders which are international organisations that are exempt from tax on such distributions by reason of an order made under the International Organisations (Immunities and Privileges) Act (Cap. 145).
To receive a gross distribution, unitholders in categories (b) to (e) above must complete a prescribed form - the "Declaration for Singapore Tax Purposes Form" ("Form A").
These categories of unitholders, unless they are exempt from tax because of their own circumstances, will have to pay income tax subsequently at their own applicable tax rates.
Unitholders in category (a) are not required to submit any form. The gross distribution received by these unitholders (irrespective of their tax residence status) is exempt from tax if it is not derived through a partnership in Singapore or from the carrying on of a trade, business or profession.
Tax at the reduced rate of 10% will be deducted from the distribution made to foreign non- individual unitholders. A foreign non-individual unitholder is one (other than an individual) who is not a resident of Singapore for income tax purposes and:-
who does not have a permanent establishment in Singapore; or
who carries on any operation in Singapore through a permanent establishment in Singapore, where the funds used to acquire the units in MLT are not obtained from that operation.
To receive the distribution net of tax deducted at 10%, foreign non-individual unitholders are required to complete Form A.
Beneficial owners of units in MLT who hold their units through depository agents will receive:-
gross distribution if they are persons described in categories (a) to (e) under Paragraph 5 above; and
distribution net of tax deducted at 10% if they are foreign non-individuals described in Paragraph 9 above.
To receive gross distribution and distribution net of tax deducted at 10%, depository agents are required to complete the "Declaration by Depository Agents for Singapore Tax Purposes Form" ("Form B") and its annexes.
Form A and Form B (and its annexes) will be sent to unitholders and depository agents respectively, by MLT's Unit Registrar, Boardroom Corporate & Advisory Services Pte. Ltd. at 50 Raffles Place #32-01 Singapore Land Tower, Singapore 048623, on or around Tuesday 7 February 2017.
Unitholders (Form A) and the depository agents (Form B and its annexes) will have to complete the forms legibly and send it to the Unit Registrar such that they are received by 5.00 pm on Wednesday 15 February 2017. Failure to comply with any of these requirements will render Form A and Form B invalid and the trustee and the Manager of MLT will be obliged to deduct tax at the rate of 17% from the distribution.
Unitholders who hold units under the Central Provident Fund Investment Scheme ("CPFIS") and the Supplementary Retirement Scheme ("SRS") do not have to return any form. They will receive gross distribution.
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Important Reminder
Unitholders and depository agents must complete and return the "Declaration for Singapore Tax Purposes Form A and Form B (and its annexes)", respectively to the Unit Registrar's office by 5.00 pm on Wednesday 15 February 2017 in order to receive the distribution either at gross or at net (after deduction of tax at 10%) as described above.
Declaration in Income Tax ReturnThis distribution is considered as income for the year 2017. Beneficial owners of the distribution, other than those who are exempt from tax on the distribution or who are entitled to the reduced tax rate of 10%, are required to declare the gross amount of the taxable income component of the distribution (regardless whether the distribution is paid in cash or in the form of units) as taxable income in their Singapore income tax return for the year of assessment 2018.
Important Dates and TimesDate / Deadline
Event
9.00 am, Friday 27 January 2017
First day of "ex-distribution" trading
5.00 pm, Tuesday 1 February 2017
Closure of MLT's Transfer Books and Register of Unitholders
5.00 pm, Wednesday 15 February 2017
Unitholders and depository agents must have completed and returned Form A or Form B, as applicable, to the Unit Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., located at
50 Raffles Place #32-01 Singapore Land Tower, Singapore 048623.
Friday, 28 February 2017
Payment of distribution
Should unitholders have any queries in relation to these procedures, please do not hesitate to contact:-
Ms Lum Yuen May
Vice President, Investor Relations Tel : +65 6659 3671
Email : lum.yuenmay@mapletree.com.sg
Or visit MLT's website at www.mapletreelogisticstrust.com
By Order of the Board Wan Kwong Weng
Joint Company Secretary
Mapletree Logistics Trust Management Ltd. (Company Registration No. 200500947N) As Manager of Mapletree Logistics Trust
23 January 2017
Important NoticeThe value of units in MLT ("Units") and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, Mapletree Logistics Trust Management Ltd., as Manager of MLT (the "Manager"), or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.
Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that unitholders of MLT may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.
The past performance of MLT is not necessarily indicative of the future performance of MLT.
Mapletree Logistics Trust published this content on 23 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 January 2017 11:40:02 UTC.
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