Asset Management (Fortune) Limited
Manager of
24 January 2013 NOTICE OF BOOKS CLOSURE & DISTRIBUTION PAYMENT DATENOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders of Fortune Real Estate Investment Trust ("Fortune REIT") will be closed on
7 February 2013 at 5.00 p.m. for the purposes of determining Unitholders' entitlements to the Fortune REIT's distribution of 16.53 Hong Kong cents per unit for the period of 1 July 2012 to 31 December 2012 (the "Distribution").Unitholders whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with Units as at 5.00 p.m. on 7 February 2013 will be entitled to the Distribution to be paid on 28 February 2013.
SINGAPORE INCOME TAX ON FORTUNE REIT DISTRIBUTIONUnitholders are NOT subject to Singapore Income Tax on the Distribution received from gross income Distribution that is tax exempt.
CURRENCY ELECTION PURPOSESUnitholders whose Units are held directly through CDP will receive their Distributions in the Singapore dollar equivalent of the Hong Kong dollar Distribution declared, unless Unitholders elect to receive the Distributions in Hong Kong dollars. Such Unitholders must complete a prescribed form ("Form of Election") by 5.00 p.m. on
19 February 2013. For the portion of the Distributions to be paid in Singapore dollars, the Manager will make the necessary arrangements to convert the portion of the Distribution in Hong Kong dollars into Singapore dollars at such exchange rate as the Manager may determine having regard to any premium or discount which may be relevant to the cost of exchange.
Unitholders [save for approved depository agents (acting as nominees of their customers)] may only elect to receive Distributions in either Singapore dollars or Hong Kong dollars and shall not be able to elect to receive Distributions partly in Singapore dollars and partly in Hong Kong dollars.
The Form of Election will be sent out by Fortune REIT's Unit Registrar, Boardroom
Corporate & Advisory Services Pte. Ltd., on or around 13 February 2013.
Date/Deadline | Event |
7 February 2013, Thursday, 5.00 p.m. | Fortune REIT books closure |
19 February 2013 , Tuesday, 5.00 p.m. | Unitholders must complete and return the Form of Election to CDP if he wish to receive the Distributions in Hong Kong dollars |
28 February 2013, Thursday | Payment of Distribution |
For enquiries, please contact Mr. Donovan Ng at +65 68359232 or email:
donovanng@ara.com.hkor visit our website at
By Order of the Board
ARA Asset Management (Fortune) Limited
As Manager of Fortune Real Estate Investment Trust
ANG Meng Huat, Anthony
Director
24 January 2013
Fortune REIT is a real estate investment trust constituted by a Trust Deed entered into on 4
July 2003 (as amended) made between ARA Asset Management (Fortune) Limited, as the Manager of Fortune REIT (the "Manager"), and HSBC Institutional Trust Services (Singapore) Limited, as the Trustee of Fortune REIT. Fortune REIT was listed on the Singapore Exchange Securities Trading Limited (the "SGX-ST") and The Stock Exchange of Hong Kong Limited on 12 August 2003 and 20 April 2010 respectively.
Fortune REIT holds a portfolio of 16 retail properties in Hong Kong, comprising approximately 2.45 million square feet of retail space and 1,989 car parking lots. The retail properties are Fortune City One, Ma On Shan Plaza, Metro Town, Fortune Metropolis, Belvedere Square, Waldorf Avenue, Provident Square, Caribbean Square, Jubilee Square Smartland, Tsing Yi Square, Nob Hill Square, Centre de Laguna, Hampton Loft, Lido Avenue and Rhine Avenue. They house tenants from diverse trade sectors such as supermarkets, food and beverage outlets, banks, real estate agencies, and education providers.
More information can be found at www.fortunereit.com.
Fortune REIT is managed by ARA Asset Management (Fortune) Limited, a wholly owned subsidiary of ARA Asset Management Limited, which is listed on the Main Board of the SGX-ST.
More information can be found at www.ara-asia.com.
Anthony Ang
Chief Executive Officer anthonyang@ara.com.hk
Justina Chiu
Deputy Chief Executive Officer justinachiu@ara.com.hk
Jenny Hung
Director,
Investment and Investor Relations jennyhung@ara.com.hk
Singapore Office Tel:
+65 6835 9232
Hong Kong Office Tel:
+852 2169 0928
distributed by
|