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Frasers Centrepoint Trust Issued 1,225,008 Units As Payment For Management Fees

Frasers Centrepoint Trust Issued 1,225,008 Units As Payment For Management Fees

Frasers Centrepoint Asset Management Ltd. (the “Company”), as the Manager of Frasers Centrepoint Trust(“FCT”), wishes to announce that the Company has on 25 October 2019 received 1,225,008 units in FCT(“Units”) issued at a price of S$2.7297 per Unit (the “Issue Price”) as payment of the following: –

  • 20% of the performance fee component of its management fee for the period from 1 October 2018 to 31 December 2018;
  • 20% of the performance fee component of its management fee for the period from 1 January 2019 to 31 March 2019;
  • 55% of the performance fee component of its management fee for the period from 1 April 2019 to 30 June 2019; and
  • 35% of the base fee component and performance fee component of its management fee for the period from 1 July 2019 to 30 September 2019 (“Fourth Quarter 2019”).

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