Keppel-KBS, Manulife US REITs adapts to new US tax law

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Amid recently announced changes that have effectively reformed the United States Internal Revenue Code, two Singapore-listed REITs that focus on US properties have announced certain changes to its capital structure.

One of the effects of the recent changes, which takes effect generally from 1 January 2018, is the deductibility of certain interest expense for taxable years beginning after 31 December 2017.

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