Background
Prime US REIT is offering 335,203,200 units (subject to overallocatement option) in its IPO at USD 0.88 (fixed at SGD 1.20 for public offering) per unit, of which the public offering is no less than 16,761,000 units. The offer will close on 15 July 2019 (Monday) at 12pm Singapore Time and they are currently scheduled to list on 19 July 2019 (Friday) at 2pm Singapore Time.

The Portfolio comprises of 11 Freehold Class A Prime U.S. Office Properties spread across the United States.

Distributions
Prime US REIT will make distributions to Unitholders on a semi-annual basis with amount calculated as at 30 June and 31 December each year.

Their distribution policy is to distribute 100% of their Annual Distributable Income for the period from the Listing Date to the end of Projection Year 2020. Thereafter, they will distribute at least 90% of its Annual Distributable Income for each financial year.

The first distribution will be