Manulife US Reit to get slight lift in reverting to previous group structure
Savings from 2021 onwards could add about 0.7% to distributable income
Singapore
MANULIFE US Reit is reverting to a group structure largely similar to the one it adopted at the time of its listing in 2016 after ascertaining it will suffer no meaningful adverse impact stemming from changes in the US tax regulations.
The impact of this reversion would be negligible for this fiscal year due to the compliance and restructuring costs already incurred.
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