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Manulife US REIT ( (SG:BTOU) ) has shared an update.
Manulife US REIT has announced that the Section 1446(f) Withholding Tax, which generally applies to transfers by non-US persons of interests in partnerships engaged in a US trade or business, is not applicable to its unitholders. This is due to the trust’s structured status as not being engaged in a US trade or business, as confirmed by a Qualified Notice. Consequently, unitholders and brokers are not required to withhold this tax, nor are unitholders required to file a US federal income tax return or obtain a US tax identification number solely due to these rules.
The most recent analyst rating on (SG:BTOU) stock is a Hold with a $0.10 price target. To see the full list of analyst forecasts on Manulife US REIT stock, see the SG:BTOU Stock Forecast page.
More about Manulife US REIT
Manulife US Real Estate Investment Trust (Manulife US REIT) is a real estate investment trust constituted under the laws of the Republic of Singapore. It operates as a publicly traded partnership focusing on investments in real estate properties, particularly in the United States market. The trust is managed by Manulife US Real Estate Management Pte. Ltd.
Average Trading Volume: 7,003,173
Technical Sentiment Signal: Hold
Current Market Cap: $136.8M
For a thorough assessment of BTOU stock, go to TipRanks’ Stock Analysis page.