News
Details Of Advanced Distribution In Connection With The Private Placement Of New Units In Frasers Logistics & Industrial Trust - Tax-Exempt Income Distribution Component
Oct 23, 2019
| Announcement Title | Cash Dividend/ Distribution | ||||
| Date & Time of Broadcast | Oct 23, 2019 21:43 | ||||
| Status | Replace | ||||
| Corporate Action Reference | SG190730DVCAY422 | ||||
| Submitted By (Co./ Ind. Name) | Catherine Yeo | ||||
| Designation | Company Secretary | ||||
| Dividend/ Distribution Number | Not Applicable | ||||
| Financial Year End | 30/09/2019 | ||||
| Declared Dividend/ Distribution Rate (Per Share/ Unit) | SGD 0.0116 | ||||
| Dividend/ Distribution Period | 01/04/2019 TO 07/08/2019 | ||||
| Number of Days | 129 | ||||
| Event Narrative | |||||
| Narrative Type | Narrative Text | ||||
| Narrative version | Further to the announcement made on 30 July 2019 in relation to an advanced distribution, please see attached an announcement on the actual advanced distribution of 2.45 Singapore cents per unit in FLT ("Unit") for the period from 1 April 2019 to 7 August 2019. | ||||
| Narrative version | The advanced distribution comprises a tax-exempt income distribution component of 1.16 cents per Unit and a capital component of 1.29 cents per Unit. Unitholders of FLT ("Unitholders") with Units in their securities accounts as at 5.00 p.m. on 7 August 2019 will be entitled to the advanced distribution, which will be paid on 1 November 2019. | ||||
| Narrative version | Please see attached an announcement on the applicable exchange rate to compute the actual advanced distribution. | ||||
| Taxation Conditions | The tax-exempt income distribution component is exempt from Singapore income tax in the hands of all unitholders, regardless of their nationality, corporate identity or tax residence status. No tax will be deducted from such component. | ||||
| Taxation Conditions | The capital distribution component represents a return of capital to Unitholders for Singapore income tax purposes. The amount of the capital distribution component will be applied to reduce the cost base of Unitholders' Units for Singapore income tax purposes. For Unitholders who are liable for Singapore income tax on profits from the sale of their Units, the reduced cost base of their Units will be used to calculate any taxable trading gains arising from the disposal of the Units. | ||||
| Event Dates | |||||
| Record Date and Time | 07/08/2019 17:00:00 | ||||
| Ex Date | 06/08/2019 | ||||
| Option 1-Cash Payment Details | |||||
| Election Period | 21/08/2019 TO 25/09/2019 | ||||
| Default Option | Yes | ||||
| Option Currency | Singapore Dollar | ||||
| Payment Type | Tax Exempted | ||||
| Gross Rate (Per Share) | SGD 0.0116 | ||||
| Net Rate (Per Share) | SGD 0.0116 | ||||
| Pay Date | 01/11/2019 | ||||
| Gross Rate Status | Actual Rate | ||||
| Option 2-Cash Payment Details | |||||
| Election Period | 21/08/2019 TO 25/09/2019 | ||||
| Default Option | No | ||||
| Option Currency | Australian Dollar | ||||
| Payment Type | Tax Exempted | ||||
| Gross Rate (Per Share) | SGD 0.0116 | ||||
| Net Rate (Per Share) | SGD 0.0116 | ||||
| Pay Date | 01/11/2019 | ||||
| Gross Rate Status | Actual Rate | ||||
| Currency Pair | AUD/SGD | ||||
| Exchange Rate | 1.0693 | ||||
| Gross Rate in Option Currency | AUD 0.012404 | ||||
| Note- Any information entered in narrative will not be used in processing | |||||
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Applicable for REITs/ Business Trusts/ Stapled Securities |
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