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
20-Jul-2015 17:34:09
Status
New
Corporate Action Reference
SG150720DVOPW338
Submitted By (Co./ Ind. Name)
Dr Ronnie Tan Keh Poo
Designation
Chief Executive Officer
Dividend/ Distribution Number
Not Applicable
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.0207
Dividend/ Distribution Period
01/04/2015 TO 30/06/2015
Number of Days
91

Event Narrative

Narrative Type
Narrative Text
Additional TextFirst REIT has announced a distribution of 2.07 cents per unit in First REIT for the period from 1 April 2015 to 30 June 2015, comprising a taxable income component of 0.07 cent per unit, a tax-exempt income component of 1.09 cents per unit and a capital component of 0.91 cent per unit. Please see attached for details.

Option 1-Cash Payment Details

Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Not Applicable
Gross Rate (Per Share)
SGD 0.0207
Net Rate (Per Share)
SGD 0.0207
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.

Security Option Details

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

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 0.0207
Net Rate (Per Share)
SGD 0.017181
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 0.0207
Net Rate (Per Share)
SGD 0.01863
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.

Attachments

First_REIT_Notice_of_BCD_and_Application_of_DRP_for_2Q2015_Announcement.pdf
Total size =200K

Applicable for REITs/ Business Trusts/ Stapled Securities