AXREIT - NOTICE OF BOOK CLOSURE
| AXIS REAL ESTATE INVESTMENT TRUST |
LISTING'S CIRCULAR NO. L/Q : 62797 OF 2011
Third Interim Income Distribution of 4.30 sen per Unit (of which 4.20 sen is taxable and 0.10 sen per unit is non-taxable in the hands of unitholders) in respect of the period from 1 July 2011 to 30 September 2011.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Income" ]
as from : [ 28 October 2011 ]
2) The last date of lodgement : [ 1 November 2011 ]
3) Date Payable : [ 9 December 2011 ]
Remarks :- On 17 October 2011, the Board of Directors of Axis REIT Managers Berhad (“Board”), the management company of Axis-REIT, announced the quarterly report on the results for the financial period ended 30 September 2011, and proposed a third interim income distribution in respect of the period from 1 July 2011 to 30 September 2011 of 4.30 sen per unit (of which 4.20 sen per unit is taxable and 0.10 sen per unit is non-taxable in the hands of unitholders) (“Third Interim Income Distribution”).
The Board has determined that the income distribution reinvestment plan (“IDRP”) will apply to the Third Interim Income Distribution, in which the gross electable portion of 2.10 sen per unit out of the Third Interim Income Distribution of 4.30 sen per unit (of which 2.00 sen per unit is taxable and 0.10 sen per unit is non-taxable in the hands of unitholders) (“Electable Portion”) can be elected to be reinvested in new units and the remaining portion of 2.20 sen per unit (which is taxable in the hands of unitholders) will be paid in cash.
The IDRP also provides the unitholders the option to reinvest the entire Electable Portion or part of the Electable Portion based on the proportion as determined by the Board. In this regard, the Board has also determined that the proportion of the Electable Portion in which the unitholders can elect to reinvest in new units will be 1.00 sen per unit (which is taxable in the hands of unitholders) of the Electable Portion, and the remaining 1.10 sen per unit (of which 1.00 sen per unit is taxable and 0.10 sen per unit is non-taxable in the hands of unitholders) of the Electable Portion will be paid in cash.
On behalf of the Board, Maybank Investment Bank Berhad wishes to announce that the issue price of new Units to be issued pursuant to the IDRP applicable to the Third Interim Income Distribution has been fixed today at RM2.30 per new unit.
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT
|
| Date Announced | 19 Oct 2011 |
| Category | Listing Circular |
| Reference No | RN-111019-39648 |
