Phillip Capital Management (S) Ltd, the manager of the Phillip SGX APAC Dividend Leaders REIT ETF, has announced the dividend conversion rate for its previously declared distribution. Shareholders will receive S\$0.0314 per unit, reflecting a conversion rate of 1 USD = 1.3665 SGD. This follows the initial dividend announcement dated 27 December 2024, where a distribution of US\$0.023 per unit was declared.

Key Dividend Dates

Investors should take note of the following important dates related to the dividend distribution:

• Ex-Dividend Date: 09 January 2025
• Record Date: 10 January 2025
• Distribution Payment Date: 24 January 2025

The ETF maintains its status as a Designated Unit Trust, which carries certain tax benefits for investors.

What Shareholders Need to Know

While the announcement is unlikely to cause significant short-term price volatility, shareholders should be aware of the following details:

• Dividend distributions may reduce the ETF’s net asset value (NAV) immediately upon payment.
• Regular distributions, while a feature of the fund, are not guaranteed and are subject to the discretion of Phillip Capital Management.
• The ETF is designed to be traded on the Singapore Exchange Securities Trading Limited (SGX-ST) like a stock. As such, its market price could fluctuate above or below its NAV.

Additionally, the fund employs financial derivative instruments for hedging and efficient portfolio management, at the discretion of the manager. Shareholders should also note that past performance is not indicative of future results.

Potential Risks and Considerations

The fund manager emphasizes that investments are subject to risks, including potential loss of the principal amount invested. Units cannot be created or redeemed directly with Phillip Capital Management but can be traded through Participating Dealers (PDs), subject to their terms and conditions. PDs also have no obligation to honor creation or redemption requests.

Shareholders are advised to consult the fund’s Prospectus and Product Highlights Sheet (PHS) for further details regarding risks, features, and other important information before making investment decisions.

Final Thoughts

While this announcement confirms the dividend conversion rate, it also reinforces the need for shareholders to carefully evaluate the fund’s suitability for their investment objectives. This update is unlikely to significantly move the share price but provides clarity for dividend-focused investors. Regular reviews of the fund’s performance and market conditions are recommended.