First REIT Issues Units for Management Fees

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

First REIT Management Limited has issued 1,847,855 new units of First Real Estate Investment Trust at S$0.2485 each as partial payment for management fees. The payment, which covers the first quarter of 2024, was split between the new units and a cash payment of S$459,192.20. Following this issuance, the Manager now holds 9.88% of First REIT’s total issued units.

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