The Board of Directors of Sunway REIT Management Sdn Bhd, the Manager for SUNREIT, wishes to inform that RHB Trustees Berhad, the Trustee for SUNREIT (“Trustee”) had, vide its letter dated 16 May 2018 to SUNREIT, agreed to revise the Trustee’s fee from 0.030% to 0.015% per annum of net asset value of SUNREIT and the fee is subject to a maximum of RM700,000.00 per annum. This revision will take effect upon acceptance of the letter of proposal today and will be applied for the calculation of Trustee fee for 2018 and onwards.
The announcement is dated 4 July 2018.