Scrip Election/ Distribution/ DRP::Choice

Issuer & Securities

Issuer/ Manager
BOWSPRIT CAPITAL CORPORATION LIMITED
Security
FIRST REAL ESTATE INV TRUST - SG1U27933225 - AW9U

Announcement Details

Announcement Title
Scrip Election/ Distribution/ DRP
Date &Time of Broadcast
17-Jan-2018 20:41:48
Status
New
Corporate Action Reference
SG180117DVOPTD09
Submitted By (Co./ Ind. Name)
Victor Tan Kok Mian
Designation
Executive Director and Chief Executive Officer
Dividend/ Distribution Number
Not Applicable
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.0215
Dividend/ Distribution Period
01/10/2017 TO 31/12/2017
Number of Days
92

Event Narrative

Narrative Type
Narrative Text
Additional TextFirst REIT has announced a distribution of 2.15 cents per unit in First REIT for the period from 1 October 2017 to 31 December 2017, comprising a taxable income component of 0.08 cents per
unit, a tax-exempt income component of 1.12 cents per unit and a capital component of 0.95 cents per unit.

Event Dates

Record Date and Time
25/01/2018 17:00:00
Ex Date
23/01/2018

Option 1-Cash Payment Details

Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Not Applicable
Gross Rate (Per Share)
SGD 0.0215
Net Rate (Per Share)
SGD 0.0215
Pay Date
28/02/2018
Gross Rate Status
Actual Rate
Note- Any information entered in narrative will not be used in processing
Narrative Type
Narrative Text
Additional TextBowsprit Capital Corporation Limited, as manager of First REIT, wishes to announce that the Distribution Reinvestment Plan (the "DRP") will apply to the above distribution.
Taxation ConditionsCertain categories of Unitholders will receive gross distribution (i.e. no tax will be deducted from it). Please see attached.

Option 2-Cash Payment Details

Default Option
No
Option Currency
Singapore Dollar
Payment Type
Payment Rate in Net
Taxable
Yes
Tax Rate(%)
17
Gross Rate (Per Share)
SGD 0.0215
Net Rate (Per Share)
SGD 0.017845
Pay Date
28/02/2018
Gross Rate Status
Actual Rate
Note- Any information entered in narrative will not be used in processing
Narrative Type
Narrative Text
Additional TextBowsprit Capital Corporation Limited, as manager of First REIT, wishes to announce that the Distribution Reinvestment Plan (the "DRP") will apply to the above distribution.
Taxation ConditionsTax will be deducted at the prevailing corporate tax rate of 17% in certain circumstances. Please see attached.

Option 3-Cash Payment Details

Default Option
No
Option Currency
Singapore Dollar
Payment Type
Payment Rate in Net
Taxable
Yes
Tax Rate(%)
10
Gross Rate (Per Share)
SGD 0.0215
Net Rate (Per Share)
SGD 0.01935
Pay Date
28/02/2018
Gross Rate Status
Actual Rate
Note- Any information entered in narrative will not be used in processing
Narrative Type
Narrative Text
Additional TextBowsprit Capital Corporation Limited, as manager of First REIT, wishes to announce that the Distribution Reinvestment Plan (the "DRP") will apply to the above distribution.
Taxation ConditionsTax at the reduced rate of 10% will be deducted from the distribution made to foreign non-individual Unitholders. Please see attached.

Security Option Details

New Security ISIN
SG1U27933225
New Security Name
FIRST REAL ESTATE INV TRUST
Security Not Found
No

Attachments

First REIT Notice of BCD and Application of DRP for 4Q2017.pdf
Total size =263K

Applicable for REITs/ Business Trusts/ Stapled Securities