Following the history from the pull request to add this feature it looks like this is the correct syntax:
<h4>
{{~#object~}}
Surrounding whitespace would be removed.
{{/object}}
</h4>
Result:
<h4>Surrounding whitespace would be removed.</h4>
There is also this syntax which trims only leading whitespace:
<h4>
{{~#object}}
Only leading whitespace would be removed.
{{/object}}
</h4>
Result:
<h4>Only leading whitespace would be removed.
</h4>