Scrip Election/ Distribution/ DRP::Choice
Issuer & Securities
Issuer/ ManagerBOWSPRIT CAPITAL CORPORATION LIMITED
SecurityFIRST REAL ESTATE INV TRUST - SG1U27933225 - AW9U
Announcement Details
Announcement Title Scrip Election/ Distribution/ DRP
Date & Time of Broadcast18-Apr-2016 17:54:22
StatusNew
Corporate Action ReferenceSG160418DVOPQMUM
Submitted By (Co./ Ind. Name)Dr Ronnie Tan Keh Poo
DesignationChief Executive Officer
Dividend/ Distribution NumberNot Applicable
Declared Dividend/ Distribution Rate (Per Share/ Unit)SGD 0.0211
Dividend/ Distribution Period01/01/2016 TO 31/03/2016
Number of Days91
Event Narrative
Narrative TypeNarrative Text
Additional TextFirst REIT has announced a distribution of 2.11 cents per unit in First REIT for the period from 1 January 2016 to 31 March 2016, comprising a taxable income component of 0.08 cents per unit, a tax-exempt income component of 1.12 cents per unit and a capital component of 0.91 cents per unit. Please see attached for details.
Option 1-Cash Payment Details
Default OptionYes
Option CurrencySingapore Dollar
Payment TypeTax Not Applicable
Gross Rate (Per Share)SGD 0.0211
Net Rate (Per Share)SGD 0.0211
Pay Date30/05/2016
Gross Rate StatusActual Rate
Note- Any information entered in narrative will not be used in processing
Narrative TypeNarrative 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 OptionNo
Option CurrencySingapore Dollar
Payment TypePayment Rate in Net
TaxableYes
Tax Rate(%)17
Gross Rate (Per Share)SGD 0.0211
Net Rate (Per Share)SGD 0.017513
Pay Date30/05/2016
Gross Rate StatusActual Rate
Note- Any information entered in narrative will not be used in processing
Narrative TypeNarrative 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 OptionNo
Option CurrencySingapore Dollar
Payment TypePayment Rate in Net
TaxableYes
Tax Rate(%)10
Gross Rate (Per Share)SGD 0.0211
Net Rate (Per Share)SGD 0.01899
Pay Date30/05/2016
Gross Rate StatusActual Rate
Note- Any information entered in narrative will not be used in processing
Narrative TypeNarrative 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 ISINSG1U27933225
New Security NameFIRST REAL ESTATE INV TRUST
Security Not FoundNo
Attachments

Applicable for REITs/ Business Trusts/ Stapled Securities