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
28-Nov-2019 18:36:31
Status
Replacement
Corporate Action Reference
SG191022DVOP372U
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 0.005193
Dividend/ Distribution Period
01/07/2019 TO 30/09/2019
Number of Days
92

Event Narrative

Narrative Type
Narrative Text
Additional TextReference is made to the application of a distribution reinvestment plan ("DRP") for the distribution of 2.4 cents per Unit for the period from 1 July 2019 to 30 September 2019.
Additional Text2,180,704 new units ("Units") in Frasers Commercial Trust ("FCOT") have been issued today at an issue price of S$1.6041 per Unit. The Units will be credited to the securities accounts of eligible unitholders of FCOT who have elected to participate in the DRP on 29 November 2019. Please refer to the attached announcement for more information.
Taxation ConditionsThe tax-exempt 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
31/10/2019 17:00:00
Ex Date
30/10/2019

Cash Payment Details

Election Period
07/11/2019 TO 18/11/2019
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
SGD 0.005193
Net Rate (Per Share)
SGD 0.005193
Pay Date
29/11/2019
Gross Rate Status
Actual Rate

Security Option Details

Election Period
07/11/2019 TO 18/11/2019
New Security ISIN
SG2C81967185
New Security Name
FRASERS COMMERCIAL TRUST
Security Not Found
No
Fractional Disposition Method
Fractional Part for Cash

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities