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Examining The Risk of US Tax Implications on Manulife US REIT and Keppel-KBS REIT
By ProButterfly  •  January 8, 2019

by: Tam Ging Wien

All examples and stocks quoted here in this article and on the ProButterflyTM and REITScreenerTM site are for learning purposes; it does NOT constitute financial advice or a Buy/Sell recommendation. Contents are reflective of personal views and readers are responsible for their own investments and are advised to perform their own independent due diligence and take into account their own financial situation. If in any doubt about the investment action you should take, you should consult a professional certified financial advisor.

At the close of the trading day on 30-Oct-2018 (Tue), Keppel-KBS US REIT (Keppel-KBS REIT) lodged the Offer Information Statement (OIS) for its 295-for-1,000 rights issue which was used to acquire the Westpark Portfolio. Contained within the document was a risk factor where the REIT could be subjected to a 30% US withholding tax should certain interpretations of the modified Internal Revenue Code (IRC) Section 267A be found to be unfavourable.

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By ProButterfly
Tam Ging Wien has been an avid equities and real estate investor for over 10 years. His passion for financial education and training stems from a desire to help others help themselves achieve financial freedom. In 2017 he published his first book entitled REITs to Riches: Everything You Need to Know About Investing Profitably in REITs.
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