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

Issuer & Securities

Issuer/ Manager
SABANA REAL ESTATE INVESTMENT MANAGEMENT PTE. LTD.
Security
SABANA INDUSTRIAL REIT - SG2C57965205 - M1GU

Announcement Details

Announcement Title
Scrip Election/ Distribution/ DRP
Date &Time of Broadcast
20-Mar-2024 17:25:10
Status
Replacement
Corporate Action Reference
SG240123DVOPFPJ6
Submitted By (Co./ Ind. Name)
Han Yong Lee (Donald)
Designation
Chief Executive Officer
Dividend/ Distribution Number
Not Applicable
Dividend/ Distribution Type
Final
Financial Year End
31/12/2023
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.0115
Dividend/ Distribution Period
01/07/2023 TO 31/12/2023
Number of Days
184

Event Narrative

Narrative Type
Narrative Text
Additional TextSabana Industrial REIT has announced a distribution of SGD0.0115 per Unit for the period from 1 July 2023 to 31 December 2023, comprising wholly taxable income distribution.
Taxation ConditionsPlease see attached for details.

Tax will be deducted at source from taxable component in certain circumstances.
Additional TextPlease see attached for details of the issue price of new Units pursuant to the DRP for the period from 1 July 2023 to 31 December 2023.
Additional TextPlease refer to the attached for details of Despatch of Notices of Election and Tax Declaration Forms.
Additional TextPlease refer to the attached announcement on the allotment, issuance and listing of new Units under the DRP for the period from 1 July 2023 to 31 December 2023.

Event Dates

Record Date
31/01/2024
Ex Date
30/01/2024

Option 1-Cash Payment Details

Election Period
09/02/2024 TO 27/02/2024
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Payment Rate in Net
Taxable
Yes
Tax Rate(%)
17
Gross Rate (Per Share)
SGD 0.0115
Net Rate (Per Share)
SGD 0.009545
Pay Date
20/03/2024
Gross Rate Status
Actual Rate
Note- Any information entered in narrative will not be used in processing
Narrative Type
Narrative Text
Taxation ConditionsSabana Industrial REIT wishes to announce that the distribution reinvestment plan ("DRP") will apply to the above distribution.

Tax will be deducted at the prevailing corporate tax rate of 17% in certain circumstances.

Option 2-Cash Payment Details

Election Period
09/02/2024 TO 27/02/2024
Default Option
No
Option Currency
Singapore Dollar
Payment Type
Tax Not Applicable
Gross Rate (Per Share)
SGD 0.0115
Net Rate (Per Share)
SGD 0.0115
Pay Date
20/03/2024
Gross Rate Status
Actual Rate
Note- Any information entered in narrative will not be used in processing
Narrative Type
Narrative Text
Taxation ConditionsSabana Industrial REIT wishes to announce that the distribution reinvestment plan ("DRP") will apply to the above distribution.

Certain categories of Unitholders will receive gross distribution (ie. no tax will be deducted from it).

Please see attached for details.

Option 3-Cash Payment Details

Election Period
09/02/2024 TO 27/02/2024
Default Option
No
Option Currency
Singapore Dollar
Payment Type
Payment Rate in Net
Taxable
Yes
Tax Rate(%)
10
Gross Rate (Per Share)
SGD 0.0115
Net Rate (Per Share)
SGD 0.01035
Pay Date
20/03/2024
Gross Rate Status
Actual Rate
Note- Any information entered in narrative will not be used in processing
Narrative Type
Narrative Text
Taxation ConditionsSabana Industrial REIT wishes to announce that the distribution reinvestment plan ("DRP") will apply to the above distribution.

Tax at the rate of 10% will be deducted from the distribution made to foreign non-individual Unitholders.

Please see attached for details.

Security Option Details

Election Period
09/02/2024 TO 27/02/2024
New Security ISIN
SG2C57965205
New Security Name
SABANA INDUSTRIAL REIT
Security Not Found
No
Fractional Disposition Method
Round down fraction to last full unit
Issue/ Reinvestment Price
SGD 0.3678
Security Credit Date
20/03/2024

Attachments

Sabana REIT_2H 2023 DRP Issue Price_31 Jan 2024.pdf
Announcement DRP.pdf
DRP despatch of NOE.pdf
Sabana REIT_AllotmentIssuance and Listing of Units.pdf
Total size =1597K

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Applicable for REITs/ Business Trusts/ Stapled Securities