NikkoAM-StraitsTrading Asia ex Japan REIT ETF Announces Dividend Distribution

Nikko Asset Management Asia Limited has announced a dividend distribution for its NikkoAM-StraitsTrading Asia ex Japan REIT ETF. Shareholders will receive a dividend of S\$0.0116 per unit for the period from 1 August 2024 to 31 October 2024, with the payment scheduled for 6 February 2025.

This announcement marks a significant event for investors holding the Fund on the Singapore Exchange Securities Trading Limited, as important dates have been set for the ex-dividend and record periods on 2 January 2025 and 3 January 2025, respectively. Investors can expect the dividend to be credited directly to their bank accounts or sent by cheque to addresses registered with The Central Depository (Pte) Limited.

Shareholders should be aware that the dividend distribution is subject to the tax transparency treatment applicable to distributions received by the Fund from real estate investment trusts or corporations listed on the Singapore Exchange. A follow-up announcement is anticipated post-record date to detail the tax treatment breakdown for the distributions.

Investors are advised to consider the potential impact of this announcement on the Fund’s share price. While the dividend may attract new investors, it is critical to note that past performance does not guarantee future results, and investing in funds involves risks, including the potential loss of principal.

Additionally, investors should be mindful of the differences between ETFs and typical unit trusts, as well as the potential for the ETF to be suspended or delisted from the SGX-ST, which may impact liquidity and pricing.

The announcement also highlights the interest rates applicable to the Central Provident Fund accounts, which could influence investors’ decisions regarding investment in the Fund under the CPF Investment Scheme.

Important Notice: This article is for informational purposes only and does not constitute financial advice. Investors should seek guidance from a financial adviser to determine suitability before making any investment decisions. Nikko Asset Management Asia Limited disclaims any liability for errors, omissions, or losses arising from reliance on this information.