PRIME US REIT has made an announcement it has completed refinancing of its July 2024 debt due. The new debt facility will run until July 2026, with the option (which likely will be exercised) until July 2027 Effects of Loan Renewal With the conclusion of its debt and sale of Florida property, the REIT's leverage ratio will fall and the amount of loan it has to service is reduced. In my view, the REIT is now of a much safer profile, even safer than Keppel Pacific Oak's Dividend? In terms of distributable income, I believe the REIT will have US$38 million for the full year and can sustain a 2 US cents dividends, even with 10% retained. However, given the need to conserve cash, dividend should be lower than 2 US cents. An indication is during the AGM where the CFO said if the REIT pays 90% of its taxable income, it will get tax benefits from USA....