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

Issuer & Securities

Issuer/ Manager
BHG RETAIL TRUST MANAGEMENT PTE. LTD.
Security
BHG RETAIL REIT - SG1CD7000009 - BMGU

Announcement Details

Announcement Title
Scrip Election/ Distribution/ DRP
Date &Time of Broadcast
18-Aug-2023 18:01:11
Status
Replacement
Corporate Action Reference
SG230808DVOPWW4P
Submitted By (Co./ Ind. Name)
Chan Iz-Lynn
Designation
Chief Executive Officer
Dividend/ Distribution Number
Applicable
Value
15
Dividend/ Distribution Type
Interim
Financial Year End
31/12/2023
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.0035
Dividend/ Distribution Period
01/01/2023 TO 30/06/2023
Number of Days
181

Event Narrative

Narrative Type
Narrative Text
Additional TextFurther to the announcement dated 8 August 2023 in relation to the application of a DRP to the distribution of 0.35 Singapore cents per unit in BHG REIT for the distribution period from 1 January 2023 to 30 June 2023 (" Distribution"), the issue price of the new Units to be issued under the DRP in respect of the Distribution is S$0.4677 per Unit.
Additional TextPlease see attached for details.
Additional TextUnitholders who wish to participate in the DRP will have to complete the Notices of Election and send them to the processing agent of BHG REIT, The Central Depository (Pte) Limited at the address(s) indicated on the Notices of Election, such that they are received by 5.30 p.m. on Monday, 11 September 2023.
Additional TextUnitholders who wish to receive their Distribution in cash need not take any action.
Taxation ConditionsThe capital distribution represents a return of capital to Unitholders for Singapore income tax purpose and is therefore not subject to Singapore income tax.

Event Dates

Record Date and Time
17/08/2023 17:00:00
Ex Date
16/08/2023

Cash Payment Details

Election Period
28/08/2023 TO 11/09/2023
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Payment Rate in Gross
Taxable
No
Gross Rate (Per Share)
SGD 0.0035
Net Rate (Per Share)
SGD 0.0035
Pay Date
28/09/2023
Gross Rate Status
Actual Rate

Security Option Details

Election Period
28/08/2023 TO 11/09/2023
New Security ISIN
SG1CD7000009
New Security Name
BHG RETAIL REIT
Security Not Found
No
Fractional Disposition Method
Round down fraction to last full unit
Security Credit Date
28/09/2023

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities