Cash Dividend/ Distribution::Mandatory

Issuer & Securities

Issuer/ Manager
NIKKO ASSET MANAGEMENT ASIA LIMITED
Security
NIKKOAM SGD IG CORP BOND ETF - SGXC70121915 - MBH

Announcement Details

Announcement Title
Mandatory Cash Dividend/ Distribution
Date &Time of Broadcast
13-Dec-2019 17:34:51
Status
New
Corporate Action Reference
SG191213DVCAZUMJ
Submitted By (Co./ Ind. Name)
Wong Yoong Yoong
Designation
Authorised User
Dividend/ Distribution Number
Not Applicable
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.0209

Event Narrative

Narrative Type
Narrative Text
Taxation ConditionsThe Nikko AM SGD Investment Grade Corporate Bond ETF (the "Fund") on 7 November 2018 was approved under the Enhanced-Tier Fund Tax Incentive Scheme (hereinafter referred to as an "Enhanced-Tier Fund") by the Monetary Authority of Singapore under Section 13X of the Income Tax Act, Chapter 134 of Singapore. The effective date of the Fund as an Enhanced-Tier Fund was as of 20 August 2018.
Taxation ConditionsThe tax exemption status will be for the life of the Fund, provided the Fund continues to meet all conditions and terms under the Enhanced-Tier Fund Tax Incentive Scheme.
Taxation ConditionsDividend distributions made by the Fund to all holders will not attract Singapore withholding tax.

Event Dates

Record Date and Time
03/01/2020 17:00:00
Ex Date
02/01/2020

Dividend Details

Payment Type
Tax Not Applicable
Gross Rate (Per Share)
SGD 0.0209
Net Rate (Per Share)
SGD 0.0209
Pay Date
15/01/2020
Gross Rate Status
Actual Rate

Attachments

Applicable for REITs/ Business Trusts/ Stapled Securities