SGX-ST Announcement
Notice of Books Closure and Distribution Payment DateNOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders and the Transfer Books and Register of CPU holders of Starhill Global Real Estate Investment Trust ("Starhill Global REIT") will be closed on Tuesday, 7 February 2012, at 5.00 p.m. (the "Books Closure Date") to determine:
(i) the entitlements of holders of units in Starhill Global
REIT's ("Units" and holders of Units, "Unitholders")
distributable income of 1.0100 cents per Unit for the period
from 1 October 2011 to
31 December 2011 (the "Distribution"), comprising a taxable
income component of 0.7300 cents per Unit, a tax-exempt
income component of 0.2300 cents per Unit and a capital
component of
0.0500 cents per Unit; and
(ii) the entitlements of holder(s) of convertible preferred
units in Starhill Global REIT's ("CPUs")
distributable income of 1.3667 cents per CPU for the period
from 1 October 2011 to 31 December
2011 (the "CPU Distribution" and together with the
Distribution, the "Distributions") comprising a taxable
income component of 0.9878 cents per CPU, a tax-exempt income
component of 0.3112 per CPU and a capital component of 0.0677
cents per CPU.
Unitholders whose securities accounts with The Central
Depository (Pte) Limited ("CDP") are credited with the Units
as at 5.00 p.m. on the Books Closure Date will be entitled to
the Distribution to be paid on Wednesday, 29 February
2012.
Holders of CPUs whose accounts with Starhill Global REIT's
Unit Registrar, Boardroom Corporate & Advisory Services Pte
Ltd (the "Unit Registrar") are credited with CPUs as at 5.00
p.m. on the Books Closure Date will be entitled to the CPU
Distribution to be paid on Wednesday, 29 February 2012.
DECLARATION FOR SINGAPORE TAX PURPOSES
A Tax-exempt income component
The tax-exempt income component of the distribution is exempt
from tax in the hands of all
Unitholders and CPU holders.
B Capital component
The capital component of the distribution represents a return
of capital to Unitholders and CPU holders for tax purposes
and is therefore not subject to income tax. Such distribution
refers to the amount of distribution made by the Trust where
the income from the underlying properties located overseas
has not been received as income by the Trust. For Unitholders
and CPU holders who hold the Units/CPUs as trading assets,
the amount of capital distribution will be applied to reduce
the cost base of their Units/CPUs for the purpose of
calculating the amount of taxable trading gains arising from
the disposal of the Units/CPUs.
C Taxable income component
1. The trustee of Starhill Global REIT ("Trustee") and the
manager of Starhill Global REIT ("Manager") will not deduct
tax from the Distributions made out of Starhill Global REIT's
taxable income that is not taxed at Starhill Global REIT's
level to:
(a) Unitholders and CPU holders who are individuals and who
hold the Units/CPUs either in their sole names or jointly
with other individuals;
(b) Unitholders and CPU holders which are companies
incorporated and tax resident in
Singapore;
(c) Unitholders and CPU holders which are Singapore branches
of foreign companies that have obtained specific approval
from the Inland Revenue Authority of Singapore to receive the
Distributions without deduction of tax; or
(d) Unitholders and CPU holders which are non-corporate
entities (excluding partnerships)
constituted or registered in Singapore, such as:
(i) institutions, authorities, persons or funds specified in
the First Schedule to the
Income Tax Act (Cap. 134);
(ii) co-operative societies registered under the Co-operative
Societies Act (Cap. 62); (iii) trade unions registered under
the Trade Unions Act (Cap. 333);
(iv) charities registered under the Charities Act (Cap. 37)
or established by an Act of
Parliament; and
(v) town councils.
2. For the Distributions made to classes of Unitholders and
CPU holders that do not fall within the categories stated
under Note C1 above, the Trustee and the Manager will deduct
tax at the rate of
10% if the Unitholders and CPU holders are foreign
non-individual investors. A foreign non- individual investor
is one who is not a resident of Singapore for income tax
purposes and:
(a) who does not have a permanent establishment in Singapore;
or
(b) who carries on any operation in Singapore through a
permanent establishment in Singapore, where the funds used to
acquire the Units/CPUs are not obtained from that
operation.
3. Unitholders and CPU holders are required to complete the
applicable Section A, B or C of the "Declaration for
Singapore Tax Purposes Form A" ("Form A") if they fall within
the classes (b) to (d) stated under Note C1 or Section D of
Form A if they qualify as a foreign non-individual investor
as described under Note C2. The Trustee and the Manager will
rely on the declarations made in Form A to determine:
(a) if tax is to be deducted for the categories of
Unitholders and CPU holders listed in (b) to
(d) under Note C1; and
(b) if tax is to be deducted at the rate of 10% for the
Distributions to foreign non-individual investors.
4. Unitholders and CPU holders who fall within class (a)
under Note C1 are not required to submit Form A.
5. Unitholders and CPU holders who do not fall within the
classes of Unitholders and CPU holders listed in Notes C1 and
C2 above can choose not to return Form A as tax will be
deducted from the Distributions made to them at the
prevailing corporate tax rate in any case.
6. The Trustee and the Manager will deduct tax at the
prevailing corporate tax rate from the Distributions made out
of Starhill Global REIT's taxable income that is not taxed at
Starhill Global REIT's level, in respect of Units or CPUs
held by depository agents except where the beneficial owners
of these Units or CPUs are:
(a) Individuals and the Units or CPUs are not held through a
partnership in Singapore;
(b) Qualifying Unitholders or CPU holders (as listed in
categories (b) to (d) under Note C1); or
(c) Foreign non-individual investors (as defined under Note
C2).
For Units or CPUs held through depository agents, the
depository agents must complete the "Declaration by
Depository Agents for Singapore Tax Purposes Form B" ("Form
B") and its annexes (Annex 1 for individuals, Annexes 2 and
2.1 for qualifying Unitholders and CPU holders and Annex 3
for foreign non-individuals).
7. Form A and Form B (and its annexes) will be sent to
Unitholders, CPU holders and depository agents respectively,
by Starhill Global REIT's Unit Registrar, Boardroom Corporate
& Advisory Services Pte Ltd, on or around Friday, 10 February
2012.
8. Unitholders, CPU holders (Form A) and depository agents
(Form B and its annexes) will have to complete the forms
legibly and send them to the Unit Registrar such that they
are received by 5.00 p.m. on Wednesday, 15 February 2012. The
Trustee and the Manager will rely on the declarations made in
Form A and Form B to determine if tax is to be deducted.
Failure to comply with any of these requirements will render
Form A and Form B invalid and the Trustee and the Manager
will be obliged to deduct the appropriate amount of tax from
the Distributions in respect of which this announcement is
made.
9. Unitholders and CPU holders who hold Units/CPUs under the
Central Provident Fund Investment Scheme ("CPFIS") or the
Supplementary Retirement Scheme ("SRS") do not have to return
the Form as they will receive the gross Distributions paid to
their respective CPFIS or SRS accounts.
Last Date and Time for Return of the Forms
Unitholders, CPU holders and depository agents must complete and return the "Declaration for Singapore Tax Purposes Form A and Form B (and its annexes)", respectively to Boardroom Corporate & Advisory Services Pte Ltd's office by Wednesday, 15 February 2012, at 5.00 p.m. in order to receive the Distributions either at gross or net (after deduction of tax at 10%) as described above.DECLARATION IN INCOME TAX RETURN
The Distributions are considered as income for the year ended 31 December 2011. Beneficial owners of the Distributions, other than those who are exempt from tax on the Distributions, are required to declare the gross Distributions as taxable income in their income tax return for the Year of Assessment 2012.
IMPORTANT DATES AND TIMES
Tuesday, 7 February 2012 at 5.00 p.m. | Close of the Transfer Books and Register of Unitholders and CPU holders |
By Wednesday, 15 February 2012 at 5.00 p.m. | Unitholders, CPU holders and depository agents must have completed and returned the "Declaration for Singapore Tax Purposes Form A and Form B (and its annexes)" to the Unit Registrar, Boardroom Corporate & Advisory Services Pte Ltd |
Wednesday, 29 February 2012 | Payment of Distributions |
For enquiries, please contact Ms. Alice Cheong at tel: (65)
6835 8637 or email: alice.cheong@ytlstarhill.com
By Order of the Board
YTL Starhill Global REIT Management Limited
(Company Registration No. 200502123C)
As Manager of Starhill Global Real Estate Investment
Trust
Lam Chee Kin
Joint Company Secretary
30 January 2012
Starhill Global REIT is a Singapore-based real estate investment trust investing primarily in real estate used for retail and office purposes, both in Singapore and overseas. Since its listing on the Mainboard of the Singapore Exchange Securities Trading Limited on 20 September 2005, Starhill Global REIT has grown its initial portfolio from interests in two landmark properties on Orchard Road in Singapore to 13 properties in Singapore, Malaysia, Australia, Japan and China, valued at about S$2.7 billion.
These comprise interests in Wisma Atria and Ngee Ann City on Orchard Road in Singapore, Starhill Gallery and Lot 10 in Kuala Lumpur, Malaysia, a premier retail property in Chengdu, China, the David Jones Building in Perth, Australia and seven properties in the prime areas of Tokyo, Japan. Starhill Global REIT remains focused on sourcing attractive property assets in Singapore and overseas, while driving organic growth from its existing portfolio, through proactive leasing efforts and creative asset enhancements.
Starhill Global REIT is managed by an external manager, YTL Starhill Global REIT Management Limited. The Manager is a wholly-owned subsidiary of YTL Starhill Global REIT Management Holdings Pte. Ltd. which is in turn an indirect subsidiary of YTL Corporation Berhad.
Important Notice
The value of Units and the income derived from them may fall or rise. The Units are not obligations of, deposits in, or guaranteed by, 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 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.
This document is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units. The past performance of Starhill Global REIT is not necessarily indicative of the future performance of Starhill Global REIT.
This document may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses (including employee wages, benefits and training costs), property expenses and governmental and public policy changes. Investors are cautioned not to place undue reliance on these forward- looking statements, which are based on the Manager's view of future events.
distribué par | Ce noodl a été diffusé par Starhill Global Real Estate Investment Trust et initialement mise en ligne sur le site http://www.starhillglobalreit.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-30 15:04:11 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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Notice of Books Closure and Distribution Payment Date |