Frasers Hospitality Trust Announces Distribution and Key Dates for 2024

Frasers Hospitality Trust (FHT) has unveiled important details regarding its latest distribution, which totals 1.1682 Singapore cents per stapled security for the period from April 1, 2024, to September 30, 2024. This announcement encompasses significant information for shareholders, including tax declarations and key dates that may influence share values.

Key Points of the Report

• FHT will distribute 1.1682 Singapore cents per stapled security for the period from April 1, 2024, to September 30, 2024.
• The distribution comprises three components: taxable income (0.4441 cents), tax-exempt income (0.3996 cents), and capital (0.3245 cents).
• Frasers Hospitality Business Trust (FH-BT) will not distribute any income for this period.
• The Transfer Books and Register of stapled securityholders will close on November 20, 2024, at 5:00 p.m. to determine entitlements.
• The payment of the distribution will be made on December 27, 2024.

Important Information for Shareholders

For Singapore income tax purposes, the distribution components are recognized separately. Notably:

• The tax-exempt component is exempt from Singapore income tax for all stapled securityholders.
• The capital component represents a return of capital and is not subject to Singapore income tax.
• The taxable income component will have tax deducted at source under certain conditions.

Shareholders falling within specific categories, such as individuals or Singapore-incorporated companies, may be eligible for gross distribution without tax deduction, provided they submit the required “Declaration for Singapore Tax Purposes Form” (Form A) by December 5, 2024.

Key Dates to Remember

• November 19, 2024: Stapled securities will be traded ex-distribution.
• November 20, 2024: Closure of Transfer Books and Register of Stapled Securityholders at 5:00 p.m.
• November 25, 2024: Dispatch of Tax Declaration Forms.
• December 5, 2024: Deadline for submission of completed Tax Declaration Forms by 5:00 p.m.
• December 27, 2024: Payment of Distribution.

Distribution Policy

FHT’s distribution policy includes:

• FH-REIT aims to distribute 100% of its distributable income for the period from listing date (July 14, 2014) to September 30, 2015, and at least 90% thereafter.
• FH-BT aims to distribute as much of its income as practicable, with distributions at the discretion of its Board of Directors.
• Distributions are made on a semi-annual basis, with payments in Singapore dollars.

Important Reminder for Shareholders

Boardroom Corporate & Advisory Services Pte. Ltd. will dispatch the relevant tax declaration forms on or around November 25, 2024. Shareholders must complete and return these forms by December 5, 2024, to receive the distribution either at gross or net (after deduction of tax at 10%).

Contact Information

For further inquiries, shareholders can reach out to:

Mr. Joey Ho
Senior Manager, Investor Relations
Email: joey.ho@frasershospitality.com

Disclaimer

Important Notice: The value of the Stapled Securities in FHT and the income derived from them may fluctuate. They are not obligations of, deposits in, or guaranteed by Frasers Hospitality Asset Management Pte. Ltd., Frasers Hospitality Trust Management Pte. Ltd., or any of their affiliates. An investment in Stapled Securities is subject to investment risks, including possible loss of the principal amount. Investors cannot request the Managers to redeem their Stapled Securities while listed on the SGX-ST. This announcement does not constitute an invitation or offer to acquire Stapled Securities. The past performance of FHT and the Managers is not indicative of future performance.

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