Prime US REIT Announces Withholding Tax Exception

Prime US REIT (SG:OXMU) has released an update.

Prime US REIT, a real estate investment trust, has announced that it qualifies for a withholding exception on transfers of interests according to U.S. Treasury regulations, as it was not engaged in any trade or business within the United States through its designated date. This certification applies for a 92-day period starting from 1 July 2024. The announcement signals potential tax advantages for investors transferring interests in the REIT during this period.

For further insights into SG:OXMU stock, check out TipRanks’ Stock Analysis page.