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-2017 19:26:17
Status
New
Corporate Action Reference
SG170117DVOPQF3L
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 0.0213
Dividend/ Distribution Period
01/10/2016 TO 31/12/2016
Number of Days
92

Event Narrative

Narrative Type
Narrative Text
Additional TextFirst REIT has announced a distribution of 2.13 cents per unit in First REIT for the period from 1 October 2016 to 31 December 2016, comprising a taxable income component of 0.07 cents per unit, a tax-exempt income component of 1.16 cents per unit and a capital component of 0.90 cents per unit.

Event Dates

Record Date and Time
26/01/2017 17:00:00
Ex Date
24/01/2017

Option 1-Cash Payment Details

Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Not Applicable
Gross Rate (Per Share)
SGD 0.0213
Net Rate (Per Share)
SGD 0.0213
Pay Date
28/02/2017
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 0.0213
Net Rate (Per Share)
SGD 0.017679
Pay Date
28/02/2017
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 0.0213
Net Rate (Per Share)
SGD 0.01917
Pay Date
28/02/2017
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

Applicable for REITs/ Business Trusts/ Stapled Securities