NetLink NBN Trust Declares Semi-Annual Distribution, Potential Impact on Share Price
NetLink NBN Trust Declares Semi-Annual Distribution, Potential Impact on Share Price
NetLink NBN Management Pte. Ltd., acting as the trustee-manager of NetLink NBN Trust, has announced a distribution for the period from 1 April 2024 to 30 September 2024. This distribution amounts to 2.68 Singapore cents per unit and will be paid on 29 November 2024.
Key Details for Unitholders
- Distribution Period: 1 April 2024 to 30 September 2024
- Distribution Amount: 2.68 Singapore cents per unit
- Ex-Distribution Date and Time: 15 November 2024, at 9.00 a.m.
- Record Date and Time: 18 November 2024, at 5.00 p.m.
- Distribution Payment Date: 29 November 2024
Distribution Policy
NetLink NBN Trust’s distribution policy aims to distribute 100% of its cash available for distribution (CAFD). This includes distributions received from its wholly-owned subsidiary, NetLink Trust (NLT). NLT’s distribution policy is to distribute at least 90% of its distributable income to the Trust after setting aside reserves for future capital expenditures, debt repayment, and working capital.
Directors’ Responsibility Statement
The board of directors of the Trust has confirmed that, immediately after making this distribution, the Trustee-Manager will be able to fulfill the Trust’s liabilities as they fall due. A written statement from the board of directors is available for inspection.
Documents Available for Inspection
Unitholders can request to inspect the directors’ responsibility statement and the distribution policy by sending an email to [email protected]. The Trustee-Manager will then get in touch to facilitate the inspection.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to perform their own research before making any investment decisions.
