October 10, 2019 /06:35 PM / By NSE / Header Image
The Investment Committee and the Joint Trustees to the UPDC Real Estate Investment Trust (UPDC REIT) have recommended the following distributions to unit holders:
1. A final distribution of 26 Kobo per unit to unit holders for the year ended 31 December, 2018;
2. An interim distribution of 32 Kobo per unit to unit holders for the 6-Month ended 30 June, 2019.
The proposed distributions have been approved by the Securities & Exchange Commission (SEC) and are detailed in the table below:
Details of UPDC RFIT payment to unit holders.
Following the above, the Register of Unit holders and Transfer Books of the UPDC Real Estate Investment Trust will be closed on Tuesday, 29 October, 2019 and will remain closed for five working days i.e. 29 October to 5 November, 2019, for the purpose of ascertaining the Unit holders that qualify for the proposed distribution for the 6 months ended 30 June, 2019; and the year ended 31 December, 2018.
Please find below the Statement of Comprehensive Income for the 6-month period ended June 30, 2019, as extracted from the unaudited Financial Report.