Keppel Pacific Oak US REIT (SG:CMOU) has released an update.
Keppel Pacific Oak US REIT Management Pte. Ltd. has announced that non-US unitholders of KORE are exempt from the US withholding tax, as per Section 1446(f) of the US Internal Revenue Code, because the REIT is not engaged in US trade or business. A new Qualified Notice confirming this status has been issued and will be updated quarterly. Investors are reminded that KORE units are subject to market risks and must be traded on the Singapore Exchange Securities Trading Limited.
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