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Manulife US REIT ( (SG:BTOU) ) has shared an announcement.
Manulife US REIT has confirmed that the new U.S. withholding tax regime under Internal Revenue Code Section 1446(f), which generally applies to transfers by non-U.S. persons of interests in partnerships engaged in a U.S. trade or business, will not apply to its unitholders. By issuing a Qualified Notice stating that it is not engaged in a U.S. trade or business and updating this notice on a quarterly basis, the REIT ensures that neither unitholders nor brokers need to withhold Section 1446(f) tax on unit transfers, and unitholders will not be required to file U.S. federal income tax returns or obtain U.S. tax identification numbers solely due to these specific withholding rules, reducing administrative and tax uncertainty for investors.
The most recent analyst rating on (SG:BTOU) stock is a Hold with a $0.07 price target. To see the full list of analyst forecasts on Manulife US REIT stock, see the SG:BTOU Stock Forecast page.
More about Manulife US REIT
Manulife US Real Estate Investment Trust (Manulife US REIT) is a Singapore-listed real estate investment trust structured as a publicly traded partnership, investing primarily in U.S. commercial real estate while being carefully organized so that it is not treated as engaged in a U.S. trade or business for tax purposes.
Average Trading Volume: 2,691,772
Technical Sentiment Signal: Strong Sell
Current Market Cap: $127.9M
Find detailed analytics on BTOU stock on TipRanks’ Stock Analysis page.