On 12 February 2020, PRIME US REIT requested for trading halt to announce the following:
Announcement of 4Q19 and FY19 results Sale of new units at USD0.957 via private placement to raise USD 120m (inclusive of 20m upsize option exercised)Acquisition of Park Tower in Downtown Sacramento, California for USD165.5mEstimated maiden distribution of 4.11 US cent consisting of FY19 distribution and advance distribution for period 1 Jan 2020 - 20 Feb 2020 in relation to the private placementSee following announcement on SGX:
Full Yearly Result for FY2019Launch of Private Placement to Raise Proceeds of not less than USD 100mAcquisition of Park TowerCapital Distribution - MandatoryPSA - Please do not forget to send your W8-BEN to avoid the 30% withholding tax for your distribution!




Performance for 4Q19 and FY19
In my opinion, the REIT did fantastic in beating the forecast. It will be interesting to see where PRIME goes from here.

Source: FY19Results Presentation Slide, Page...