Manulife US REIT ( (SG:BTOU) ) just unveiled an update.
Manulife US REIT has announced that the Section 1446(f) Withholding Tax, which generally applies to non-US persons transferring interests in partnerships engaged in US trade or business, will not be applicable to its unitholders. This is due to the trust’s structure and the issuance of a Qualified Notice confirming it is not engaged in a US trade or business, thus exempting unitholders and brokers from withholding tax obligations and related US tax filing requirements.
More about Manulife US REIT
Manulife US Real Estate Investment Trust (Manulife US REIT) is a real estate investment trust established under Singapore law, focusing on managing and investing in a diversified portfolio of income-producing office real estate in key markets in the United States. It is publicly traded and structured to avoid engagement in US trade or business activities.
YTD Price Performance: -22.22%
Average Trading Volume: 4,448,606
Technical Sentiment Signal: Strong Buy
Current Market Cap: $120.8M
Learn more about BTOU stock on TipRanks’ Stock Analysis page.