Date: December 16, 2015
The only change is that, in future, AGMs would have to be held in Hong Kong and SIAS has received assurance that Fortune REIT will continue to provide live video conferencing facilities in Singapore for unit holders here to participate at the AGM proceedings.
SIAS also understands that there are no changes to the trust deed and the trust remains constituted in Singapore. The REIT Manager will also be in Singapore and will have investor relations contact for unit holders here. Fortune REIT assures us that there will be no change to the dividend policy and would maintain the dividend payout as stipulated in the trust deed. This should comfort the unit holders.
Unit holders should also take comfort that the change in listing from primary to secondary does not affect the rights of unit holders in Singapore and it is not a delisting.
David Gerald
Founder, President & CEO
Securities Investors Association (Singapore)
