More info now available:
From POEMS:
Application Period: 2nd – 17th Oct 2017
Listing Date: 30th Oct 2017
Subscription price: S$1.00
Minimum Quantity: 1,000 units
Placement Fees: 0.1% or minimum S$10 (subject to 7% GST)
Allotment: Full allotment
Regular Savings Plan: Yes, via Share Builder Plan from Nov 2017 onwards
Key Information
EIP/SIP: Excluded Investment Product (“EIP”)
Exchange Listing: SGX-ST
Trading Currency: Singapore dollars (S$)
Dividend Distribution: Semi-annually
Documents avail for download:
Fund Info
Fund Brochure
FAQ
Prospectus
Product Highlight Sheet
From FAQ:
Q11: As an investor, how do I buy or sell units of the Fund?
A11: The Initial Offer Period will open at 9.00 a.m. on 2nd October 2017 and close at 11:00 a.m. on 20th October 2017. The Issue Price of each Unit during the Initial Offer Period is S$1.000.
During the Initial Offer Period, investors may only purchase units through the Participating Dealers in application unit size of 50,000 units or such higher number of units in multiples of 1,000 units. All purchases or sales of units through the Participating Dealers are subject to such terms and conditions as may be imposed by the relevant Participating Dealer.
A lower minimum amount may be set by the Participating Dealers for retail investors. The Participating Dealers currently include Phillip Securities Pte Ltd, DBS Vickers Securities (Singapore) Pte Ltd, Commerzbank AG and UOB Kay Hian Pte Ltd. Investors may contact the participating dealers for more information.
After the Initial Offer Period, investors may purchase or sell Units either through the Participating Dealers or through the SGX-ST at a minimum trading board lot size of 100 units, during the trading day through a broker or any Trading Member of the SGX-ST, as one would in the case of a share listed on the SGX-ST, at any time after dealings in the units commence and for so long as the units are listed on the SGX-ST. The trading price of units may differ from the Net Asset Value per unit and there can be no assurance that a liquid secondary market will exist for the units of the Fund.
Please refer to the prospectus for the subscription details.
Q12: Is the Fund classified as an Excluded Investment Product (“EIP”)?
A12:
Yes, the Fund is classified as an EIP. Hence, investors can easily invest in the Fund just like ordinary stocks, i.e. without the need to complete a Customer Account Review or take the SGX Online Education Programme.
Q13: Can investors invest into the Fund via the Supplementary Retirement Scheme (“SRS”)?
A13:
Yes, investors can apply with their stock brokers or SRS operator to invest via SRS.
Q14: Is the Fund included under the CPF Investment Scheme (“CPFIS”)?
A14:
No, the Fund is currently not included under the CPFIS.
Q15: What is the distribution policy of the Fund?
A15: The Manager will declare
semi-annual distributions in February and August of each year. However, investors should note that the distribution rates are not guaranteed and are subject at all times to the discretion of the Manager. Distributions will be paid in the base currency of the Fund (i.e. SGD). Distributions (whether out of income and/or capital) may have the effect of lowering the net asset value of the Fund.
Q16: What are the trading name and stock identifiers of the Fund?
A16: SGX Trading Name: LION-PHILLIP S-REIT
SGX Stock Code:
CLR
ISIN Stock Code: SG1DJ3000008
From Prospectus:
42. EXPENSE RATIO
As the Fund has yet to be launched as at the date of this Prospectus, the Fund’s expense ratio is not available.
44. TAXATION
... Taxable income distribution from Real Estate Investment Trusts (“REITs”) listed in Singapore derived by the Fund will generally be subject to tax withheld at source at the prevailing income tax rate, currently 17% ...
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