AXREIT - Notice of Book Closure
| AXIS REAL ESTATE INVESTMENT TRUST |
Final Income Distribution of 2.25 sen per unit (of which 0.83 sen per unit is taxable and 1.42 sen per unit is non-taxable in the hands of the unitholders) in respect of the period from 1 October 2020 to 31 December 2020 ("2020 Final Income Distribution").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - Income” as from: 04 Feb 2021
2) The last date of lodgment : 05 Feb 2021
3) Date Payable : 11 Mar 2021
Remarks :
The following withholding tax rates would be applicable on distribution of income
which is tax exempt at REIT level:
Resident unitholder:
a) Resident company: Tax flow through; thus no withholding tax
b) Unitholder other than a resident company: Withholding tax at 10%
Non-resident unitholder:
a) Non-resident company: Withholding tax at 24%
b) Non-resident institutional investor: Withholding tax at 10%
c) Non-resident other than company and institutional investors: Withholding tax at 10%
On 20 January 2021, the Board of Directors of Axis REIT Managers Berhad ("Board"), the management company of Axis Real Estate Investment Trust ("Axis-REIT"), has announced the quarterly results for the financial period ended 31 December 2020 and proposed the abovesaid 2020 Final 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 2020 Final Income Distribution. Please refer to the separate announcement on "Recurrent and Optional IDRP applicable to 2020 Final Income Distribution" dated 20 January 2021 for the details of the IDRP.
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 21 Jan 2021 |
| Category | Listing Circular |
| Reference Number | ILC-21012021-00007 |
