First Real Estate Investment (SG:AW9U) has released an update.
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First Real Estate Investment Trust has announced the issuance of over 2.5 million units at S$0.2608 each to its manager as part payment for the management fees accrued from April to June 2023. The units represent 9.99% of the total units in issue, with the remaining performance fee component settled in cash. This strategic move underlines the trust’s commitment to aligning management’s interests with its performance.
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