K-Pop Featuring LOONA and AAA

EXCHANGE RATES AND FOREIGN TAX WITHHOLDING

Royalties for this asset are reported by PRS in Great British Pounds (GBP). To calculate royalty payments in U.S. Dollars (USD), Royalty Exchange applies the average historical exchange rate for the distribution month (via X-rates.com).

Future royalties will be paid to Royalty Exchange in GBP converted to USD upon receipt, and then paid in USD to the winning investor. The receiving bank may increase the exchange rate by up to 2.5% as a transaction fee. Assets paid in foreign currency entail additional risk as foreign exchange rate changes will cause fluctuations in future cash flows. 

Additionally, because the royalty payments originate in Great Britain, the purchaser may be subject to withholding taxes, depending on their domicile. You can learn more about foreign tax withholding here. Please consult your tax advisor if you have questions on foreign withholding. 

Distribution Schedule: PRS regularly distributes royalties four times per year: April, July, October, and December. PRS may pay "out of cycle" distributions at various times of the year. These dates are estimated (not fixed) and can vary throughout the year. As the winning bidder, you'll be entitled to all regularly scheduled and "out of cycle" distributions. 

This catalog will not be automatically added to the Secondary Market of The eXchange. The winning bidder can contact Royalty Exchange to relist.