OTHERS DISTRIBUTION OF RM10.952 MILLION GAIN ON DISPOSAL OF AXIS PLAZA TO UNITHOLDERS
AXIS REAL ESTATE INVESTMENT TRUST |
Type | Announcement | |||||||||||||||
Subject | OTHERS | |||||||||||||||
Description | DISTRIBUTION OF RM10.952 MILLION GAIN ON DISPOSAL OF AXIS PLAZA TO UNITHOLDERS | |||||||||||||||
The Board of Directors of Axis REIT Managers Berhad, the management company ("Manager") of Axis Real Estate Investment Trust ("Axis-REIT" or "the Fund"), wishes to announce that the disposal of Axis Plaza completed on 25 March 2014 has resulted in a total realised gain on disposal of RM10,952,000 ("Gain on Disposal") which is represented by the gain on disposal of RM1,614,000 and realisation of unrealised income* of RM9,338,000. The Gain on Disposal translates to additional income distribution of 2.37 sen per unit.
Note *realisation of unrealised income - recognition of prior years' unrealised fair value gain on market value of Axis Plaza as realised income upon disposal. This announcement is dated 21 April 2014.
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Announcement Info
Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
Stock Name | AXREIT |
Date Announced | 21 Apr 2014 |
Category | General Announcement |
Reference No | CC-140418-67916 |