Key Dividend Announcement

MLT will distribute 2.003 Singapore cents per unit for the period from 1 October 2024 to 31 December 2024, payable on Thursday, 13 March 2025. This distribution comprises:

• Taxable income: 0.554 Singapore cents per unit
• Tax-exempt income: 0.462 Singapore cents per unit
• Capital component: 0.987 Singapore cents per unit

Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with units as of 5:00 PM on Friday, 31 January 2025, will be eligible for this payout.

Suspension of Distribution Reinvestment Plan

In a significant update, MLT has announced the suspension of its Distribution Reinvestment Plan (DRP) starting with the 3Q FY24/25 distribution. Unitholders will now receive their quarterly distributions entirely in cash. The Manager has left the door open to reintroduce the DRP at a later date, subject to further notification.

Taxation Guidelines for Shareholders

MLT has provided detailed tax implications for unitholders receiving the 3Q FY24/25 distribution:

• The tax-exempt income and capital components are not subject to tax in Singapore.
• The taxable income component may be subject to tax, depending on the shareholder’s tax residency and structure. Some shareholders, including Singapore-resident individuals and companies, are eligible for a gross distribution with no tax deducted at source.
• Non-resident non-individuals and qualifying non-resident funds will receive the taxable income component net of a reduced 10% tax rate, provided they complete the required “Declaration for Singapore Tax Purposes Form A” by 5:00 PM on Tuesday, 18 February 2025.

Important Deadlines and Administrative Notices

Key dates and deadlines for shareholders include:

• 28 January 2025: First day of “ex-distribution” trading
• 31 January 2025: Closure of MLT’s Transfer Books and Register of Unitholders
• 4 February 2025: Dispatch of “Declaration for Singapore Tax Purposes Form A” and Form B to shareholders and depository agents
• 18 February 2025: Deadline to submit completed tax declaration forms
• 13 March 2025: Payment of cash distribution to unitholders

Failure to submit tax declaration forms by the specified deadline will result in a default tax deduction of 17% on the taxable income component.

Shareholder Advisory

Shareholders under the Central Provident Fund Investment Scheme or the Supplementary Retirement Scheme will automatically receive a gross distribution and are not required to submit any forms. All unitholders are advised to consult their tax advisors regarding their specific tax obligations and implications.