First REIT Issues Units as Management Fee

First Real Estate Investment Trust (SG:AW9U) has released an update.

First Real Estate Investment Trust (First REIT) has issued over 2.4 million units to its manager as part payment for the management fee for the first quarter of 2023. The units were priced based on the average traded price on the Singapore Exchange over the past 10 business days preceding the payout period. This transaction increases the manager’s holdings to 9.80% of the total units, reinforcing their stake in the trust’s performance.

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