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
14-Sep-2023 17:58:44
Status
Replacement
Corporate Action Reference
SG230719DVOPKZ6U
Submitted By (Co./ Ind. Name)
Han Yong Lee (Donald)
Designation
Chief Executive Officer
Dividend/ Distribution Number
Not Applicable
Dividend/ Distribution Type
Interim
Financial Year End
31/12/2023
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.0161
Dividend/ Distribution Period
01/01/2023 TO 30/06/2023
Number of Days
181

Event Narrative

Narrative Type
Narrative Text
Additional TextSabana Industrial REIT has announced a distribution of SGD0.0161 per Unit for the period from 1 January 2023 to 30 June 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 January 2023 to 30 June 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, issuance and listing of new Units under the DRP.

Event Dates

Record Date and Time
27/07/2023 17:00:00
Ex Date
26/07/2023

Option 1-Cash Payment Details

Election Period
07/08/2023 TO 23/08/2023
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Payment Rate in Net
Taxable
Yes
Tax Rate(%)
17
Gross Rate (Per Share)
SGD 0.0161
Net Rate (Per Share)
SGD 0.013363
Pay Date
14/09/2023
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
07/08/2023 TO 23/08/2023
Default Option
No
Option Currency
Singapore Dollar
Payment Type
Tax Not Applicable
Gross Rate (Per Share)
SGD 0.0161
Net Rate (Per Share)
SGD 0.0161
Pay Date
14/09/2023
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
07/08/2023 TO 23/08/2023
Default Option
No
Option Currency
Singapore Dollar
Payment Type
Payment Rate in Net
Taxable
Yes
Tax Rate(%)
10
Gross Rate (Per Share)
SGD 0.0161
Net Rate (Per Share)
SGD 0.01449
Pay Date
14/09/2023
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
07/08/2023 TO 23/08/2023
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 0.4041
Security Credit Date
14/09/2023

Attachments

Sabana Industrial REIT 1H 2023 Notice of Books Closure Date and Application of DRP.pdf
Sabana REIT_1H 2023 DRP Issue Price_27.07.2023.pdf
Sabana REIT 1H 2023 DRP Despatch of NOEs 07.08.2023.pdf
Sabana REIT_Allotment Issuance and Listing of Units_14.09.2023.pdf
Total size =1267K

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Applicable for REITs/ Business Trusts/ Stapled Securities