INCREASE IN ANNUAL MANAGEMENT FEE FROM 0.7% TO 1.0% PER ANNUM OF THE NET ASSET VALUE OF AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT")
AXIS REAL ESTATE INVESTMENT TRUST |
Type | Announcement |
Subject | INCREASE IN ANNUAL MANAGEMENT FEE FROM 0.7% TO 1.0% PER ANNUM OF THE NET ASSET VALUE OF AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT") |
Contents :
The Board of Directors of Axis REIT Managers Bhd ("ARMB"), the management Company of Axis-REIT, wishes to announce that the annual management fee payable to ARMB for services rendered to Axis-REIT, has been increased from 0.7% to 1.0% per annum of the Net Asset Value of Axis-REIT with effect from 1 July 2006.
This increase in annual management fee is within the limit stipulated under Clause 19.1 of the Deed constituting the Axis-REIT dated 15 June 2005.
Announcement Info
Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
Stock Name | AXREIT |
Date Announced | 11 Jul 2006 |
Category | General Announcement |
Reference No | CC-060711-185F7 |