News| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OTHER ISSUE OF SECURITIES |
| Description |
CAPITALAND MALAYSIA TRUST ("CLMT") DISTRIBUTION REINVESTMENT PLAN WHICH WILL PROVIDE UNITHOLDERS OF CLMT WITH AN OPTION TO ELECT TO REINVEST THEIR CASH DISTRIBUTION IN NEW UNITS OF CLMT ("DRP") |
On 30 January 2024, the Board of Directors of CapitaLand Malaysia REIT Management Sdn. Bhd. (“CMRM”) (the “Board”), being the Manager of CLMT, had proposed the income distribution of 2.24 sen per CLMT Unit (of which 2.10 sen per CLMT Unit is taxable and 0.14 sen per CLMT Unit is non-taxable in the hands of CLMT unitholders (“Unitholders”)) for the period from 1 July 2023 to 31 December 2023 (“Final Income Distribution”).
The Board has determined that the DRP shall apply to the entire Final Income Distribution where the gross electable portion will be the entire 2.24 sen per CLMT Unit (of which 2.10 sen per CLMT Unit is taxable and 0.14 sen per CLMT Unit is non-taxable in the hands of Unitholders) (“Electable Portion”).
Accordingly, under the DRP, Unitholders would have the option to elect to reinvest their income distribution in whole or in part in new CLMT Units instead of receiving them in cash. If the Unitholder elects not to participate in the DRP, then the Electable Portion will be paid wholly in cash.
This announcement is dated 30 January 2024.
| Company Name | CAPITALAND MALAYSIA TRUST |
| Stock Name | CLMT |
| Date Announced | 30 Jan 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-30012024-00042 |
