REPL::Scrip Election/ Distribution/ DRP::Choice

Issuer & Securities

Issuer/ Manager
FRASERS COMMERCIAL ASSET MANAGEMENT LTD.
Security
FRASERS COMMERCIAL TRUST - SG2C81967185 - ND8U

Announcement Details

Announcement Title
Scrip Election/ Distribution/ DRP
Date &Time of Broadcast
31-Jul-2019 19:51:34
Status
Replacement
Corporate Action Reference
SG190722DVOP4HY4
Submitted By (Co./ Ind. Name)
Catherine Yeo
Designation
Company Secretary
Dividend/ Distribution Number
Not Applicable
Financial Year End
30/09/2019
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.006705
Dividend/ Distribution Period
01/04/2019 TO 30/06/2019
Number of Days
91

Event Narrative

Narrative Type
Narrative Text
Additional TextReference is made to the announcement made on 22 July 2019 on the Notice of Books Closure Date and application of Distribution Reinvestment Plan ("DRP") for the distribution of 2.4 cents per unit ("Unit") for the period from 1 April 2019 to 30 June 2019.
Additional TextThe issue price of the new Units to be issued under the DRP is S$1.6043 per Unit. Please refer to the attached for more information.
Taxation ConditionsThe tax-exempted income component of the distribution is exempt from tax in the hands of all Unitholders. No tax will be deducted at source from this component of the distribution.

Event Dates

Record Date and Time
30/07/2019 17:00:00
Ex Date
29/07/2019

Cash Payment Details

Election Period
06/08/2019 TO 19/08/2019
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
SGD 0.006705
Net Rate (Per Share)
SGD 0.006705
Pay Date
29/08/2019
Gross Rate Status
Actual Rate

Security Option Details

Election Period
06/08/2019 TO 19/08/2019
New Security ISIN
SG2C81967185
New Security Name
FRASERS COMMERCIAL TRUST
Security Not Found
No
Fractional Disposition Method
Fractional Part for Cash

Attachments

FCOT_DRP_unit_issue_price_announcement.pdf
Total size =278K

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Applicable for REITs/ Business Trusts/ Stapled Securities