Bualuang Office Leasehold Real Estate Investment Trust Approves Dividend from April 1, 2023, to June 30, 2023, Payable on September 8, 2023
August 11, 2023 at 06:21 am EDT
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The Meeting of Real Estate Investment Committee of BBL Asset Management Company Limited, acting as a REIT Manager of Bualuang Office Leasehold Real Estate Investment Trust ("B-WORK"), held on August 11, 2023, passed a resolution of dividend payment at the rate of THB 0.1807
per unit trust, totaling THB 66,642,160 which will be paid from an operational performance during April 1, 2023, to June 30, 2023, as details described below: The book closing date for the right to receive dividend payment will be on August 25, 2023. Dividend payment date will be on September 8, 2023.
Bualuang Office Leasehold Real Estate Investment Trust (the Trust) is a Thailand-based real estate investment trust (REIT). The Trust's objectives are to raise funds from investors and use funds to invest in the leasehold properties by lease and/ or sublease under two projects, including True Tower 1 Project and True Tower 2 Project. The Trust's main operations are derived from rental and service income from investing in properties and leasehold rights, seeking the benefits from properties, and properties for rent. The Trust operates in Thailand. The types of investments in its two projects include leasehold rights on land, office buildings and its component parts, including leasable areas, common areas and parking areas tool, fixtures, equipment and utility systems. Its True Tower 1 Project is an office building consisting of 36 storey with one ground level. Its True Tower 2 Project operates as the office building for lease to True Group and CP Group companies.