Phillip SGX APAC Dividend Leaders REIT ETF Declares Dividend with Conversion Insights
Phillip Capital Management (S) Ltd has announced the dividend details for its exchange-traded fund, the Phillip SGX APAC Dividend Leaders REIT ETF. The distribution, set at US\$0.023 per unit, has been converted into Singapore dollars at a rate of 1 USD = 1.3665 SGD, resulting in a dividend of S\$0.0314 per unit. This announcement is relevant to all unit holders registered under the fund.
Key Dividend Dates and Information
Shareholders need to take note of the following important dates:
- Ex-Dividend Date: 09 January 2025
- Record Date: 10 January 2025
- Distribution Payment Date: 24 January 2025
The fund’s dividend distributions are not guaranteed and are subject to the discretion of Phillip Capital Management (S) Ltd. Regular dividend payouts may reduce the fund’s available capital for reinvestment, potentially impacting the net asset value (NAV) of the ETF.
Potential Market Impact
The announcement of the conversion rate for dividend payments (1 USD = 1.3665 SGD) may have implications for shareholder returns, particularly for those tracking currency fluctuations. This could influence the perceived value of the ETF among investors, possibly affecting its trading price on the Singapore Exchange Securities Trading Limited (SGX-ST).
Additionally, shareholders should be aware that the ETF is intended to trade like any listed share on SGX-ST and does not guarantee a liquid market. Units may trade at prices above or below their NAV, and trading suspensions or delistings are possible.
Risks and Considerations for Investors
Investors should note that investments in the REIT ETF are subject to market risks, including the potential loss of principal. The fund is not insured, guaranteed, or protected by PCM or its affiliates. Past performance is not indicative of future results, and dividend payouts may vary in the future.
The use of financial derivative instruments for hedging or portfolio management is at the discretion of PCM, which may actively or passively hedge currency exposure or choose not to hedge at all. This flexibility adds another layer of unpredictability to the fund’s performance.
Important Disclaimer
This information is provided for general information purposes only and does not constitute an offer, recommendation, or solicitation to invest in the Phillip SGX APAC Dividend Leaders REIT ETF. Investors are strongly advised to consult the fund’s Prospectus and Product Highlights Sheet (PHS) and seek advice from a financial adviser before making investment decisions. In the event of choosing not to seek advice, investors should carefully assess the suitability of the ETF for their portfolio.
The fund is not offered to U.S. Persons, and it is the responsibility of investors to ensure compliance with local laws and regulations when considering this investment.
No warranty is provided regarding the accuracy or completeness of the information herein, and no liability is accepted for any losses arising from reliance on this data.
Disclaimer: Investments are subject to risks, including the potential loss of principal. Past performance is not indicative of future results, and dividends are not guaranteed. Always consult financial professionals before making investment decisions.
