SGX:BTOU - ManulifeReit USD : No witholding tax?

As I understand this is a Singapore stock that doesn’t bear any US withholding tax if we submit the W8-BEN form. Do you have the same understanding? Assuming we are not US citizens…

I own this stock. No with holding tax so far.

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They structured it in a complicated way such that they avoided the tax. Few months back there was a risk US new tax regulations will change this, so all the US-based S-REITS dropped. However, the REITS managed to overcome this by restructuring thru another tax domain…can go google if you have interest in tax stuff. So yep, no withholding tax


Are you using a custodian account or CDP?
I am trying to figure out how to complete the currency election form to receive the dividends in USD.

They sent a packet not long after the ex-date, in which it there is a form to allow you to tick the currency option. Is the due date the return not over yet?

I have bought only very recently. Thanks for your reply.

Do you know if we can choose USD dividend payments even if we purchase using SGD?

I paid in USD and it is in CDP. The form I got was a generic one. I ticked the box to opt for USD cheque and I am waiting for my very first distribution from them end of the month. :slight_smile:

So I guess you might get the same form after the next announcement then you can decide. If not, then please let me know that I was wrong above. :stuck_out_tongue:

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For those that use SGD for currency election, how are the rates determined?
I suppose it should be better than what the banks offer if we convert by ourselves?

If you want an answer from the source, then contact the REIT manager.

I have always found them responsive and helpful.

And they are paying themselves more than a small pile of $$$…