Lippo Malls Indonesia Retail (SG:D5IU) has released an update.
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Lippo Malls Indonesia Retail Trust, through its trustee, has opted not to pay the scheduled September 2024 Distribution on its S$140,000,000 Perpetual Securities. This decision triggers dividend stopper provisions, preventing the declaration or payment of any distributions on its units or any related securities. Consequently, no payments will be made unless specific conditions, such as redemption of all outstanding securities or full payment of the next scheduled Distribution, are met.
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