| Taxation Conditions | The Advanced Distribution is estimated to range from 0.977 Singapore cents to 1.079 Singapore cents per stapled security of VIT (Stapled Security), comprising a taxable income estimated to range from 0.779 Singapore cents to 0.861 Singapore cents per Stapled Security and a tax-exempt income estimated to range from 0.198 Singapore cents to 0.218 Singapore cents per Stapled Security. Please refer to the attachment. |