First Real Estate Investment (SG:AW9U) has released an update.
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First Real Estate Investment Trust has issued 1,661,895 new units to its management as part of their fee, priced at S$0.2768 per unit. This issuance increases the manager’s holdings to over 214 million units, representing 10.25% of the total units available. The move highlights the trust’s reliance on unit issuance as a form of compensation, reflecting common practices in the real estate investment sector.
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