AXREIT - NOTICE OF BOOK CLOSURE
| AXIS REAL ESTATE INVESTMENT TRUST |
LISTING'S CIRCULAR NO. L/Q : 65551 OF 2012
Second Interim Income Distribution of 4.40 sen per Unit (of which 4.35 sen is taxable and 0.05 sen per unit is non-taxable in the hands of unitholders) in respect of the period from 1 April 2012 to 30 June 2012.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Income" ]
as from : [ 2 August 2012 ]
2) The last date of lodgement : [ 6 August 2012 ]
3) Date Payable : [ 11 September 2012 ]
Remarks :- On 23 July 2012, the Board of Directors of Axis REIT Managers Berhad (“Board”), the management company of Axis Real Estate Investment Trust (“Axis-REIT”) (“Manager”), has announced the quarterly results for the financial period ended 30 June 2012 and proposed a second interim income distribution in respect of the period from 1 April 2012 to 30 June 2012 of 4.40 sen per unit (of which 4.35 sen per unit is taxable and 0.05 sen per unit is non-taxable in the hands of unitholders) (“Second Interim Income Distribution”).
The Board has determined that the income distribution reinvestment plan ("IDRP"), which allows unitholders of Axis-REIT to reinvest their income distribution in new units, will apply to the Second Interim Income Distribution, in which the gross electable portion of 2.20 sen per unit out of the Second Interim Income Distribution of 4.40 sen per unit (which is 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 (of which 2.15 sen per unit is taxable and 0.05 sen per unit is non-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 the proportion of the Electable Portion in which the unitholders can elect to reinvest in new units will be 1.10 sen per unit (which is taxable in the hands of unitholders) of the Electable Portion, and the remaining 1.10 sen per unit (which is taxable in the hands of unitholders) of the Electable Portion will be paid in cash. If the unitholders elect not to participate in the IDRP, then the Electable Portion will be paid wholly in cash.
The Board has announced on the same date that the issue price of the new units to be issued pursuant to the IDRP applicable to the Second Interim Income Distribution has been fixed today at RM2.68 per new unit.
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT
|
| Date Announced | 30 Jul 2012 |
| Category | Listing Circular |
| Reference No | RN-120730-30040 |
