QUOTE(davidcch07 @ Jan 7 2015, 05:58 PM)
make it short ...
FREQUENCY OF DISTRIBUTIONS
After Keppel DC REIT is admitted to the Main Board of the SGX-ST, it will make distributions to
Unitholders on a half-yearly basis, with the amount calculated as at 30 June and 31 December
each year for the six-month period ending on each of the said dates. Post-listing, Keppel DC
REIT’s first distribution will be for the period from the Listing Date to 30 June 2015 and will be paid
by the Manager on or before 28 September 2015. Subsequent distributions will take place on a
half-yearly basis. The Manager will endeavour to pay distributions no later than 90 days after the
end of each distribution period.
Keppel DC REIT’s primary sources of liquidity for the funding of distributions, servicing of debt,
payment of non-property expenses and other recurring capital expenditure will be the receipts of
rental income and borrowings.
Under the Property Funds Appendix, if the Manager declares a distribution that is in excess of
profits, the Manager should certify, in consultation with the Trustee, that it is satisfied on
reasonable grounds that, immediately after making the distribution, Keppel DC REIT will be able
to fulfil, from the Deposited Property, the liabilities of Keppel DC REIT as they fall due. The
certification by the Manager should include a description of the distribution policy and the
measures and assumptions for deriving the amount available to be distributed from the Deposited
Property. The certification should be made at the time the distribution is declared