Cash Dividend/ Distribution::Mandatory

Issuer & Securities

Issuer/ Manager
NIKKO ASSET MANAGEMENT ASIA LIMITED
Security
NIKKOAM SGD IG CORP BOND ETF - SGXC70121915 - MBH

Announcement Details

Announcement Title
Mandatory Cash Dividend/ Distribution
Date &Time of Broadcast
15-Jun-2022 18:13:14
Status
New
Corporate Action Reference
SG220615DVCAOILG
Submitted By (Co./ Ind. Name)
Wong Yoong Yoong
Designation
Authorised User
Dividend/ Distribution Number
Not Applicable
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.0135

Event Narrative

Narrative Type
Narrative Text
Taxation ConditionsThe Nikko AM SGD Investment Grade Corporate Bond ETF (the "Fund") on 7 November 2018 was approved under the Enhanced-Tier Fund Tax Incentive Scheme (hereinafter referred to as an "Enhanced-Tier Fund") by the Monetary Authority of Singapore under Section 13X of the Income Tax Act, Chapter 134 of Singapore. The effective date of the Fund as an Enhanced-Tier Fund was 20 August 2018.
Taxation ConditionsThe tax exemption status will be for the life of the Fund Structure, provided the Fund Structure continues to meet all conditions and terms set out in the relevant MAS circular, and the relevant Income Tax legislation.
Taxation ConditionsDistributions made by the Enhanced-Tier Fund out of tax-exempt income should also be exempt from Singapore income tax in the hands of Unitholders.

Event Dates

Record Date and Time
04/07/2022 17:00:00
Ex Date
01/07/2022

Dividend Details

Payment Type
Tax Not Applicable
Gross Rate (Per Share)
SGD 0.0135
Net Rate (Per Share)
SGD 0.0135
Pay Date
15/07/2022
Gross Rate Status
Actual Rate

Attachments

Nikko_AM_SGD_IG-Dividend_Distribution_20220615.pdf
Total size =135K

Applicable for REITs/ Business Trusts/ Stapled Securities