The Manager' s policy is to distribute to Unitholders as distributions an amount of no less than 90% of Spring REIT' s annual distributable income for each financial year. Pursuant to the Trust Deed, the Manager may at its discretion from time to time direct the Trustee to make distributions over and above the minimum 90% of Annual Distributable Income. Distributions will be declared in Hong Kong dollars.
Two distributions will be made in respect of each year, being distributions with respect to the six-month period ending June 30 and December 31. The Directors anticipate that interim and final distributions will be paid by the end of November and May in each year, respectively.
The first distribution after the Listing Date will comprise (i) the distribution for the FY2013 Distribution Period, namely, from and including the Listing Date to December 31, 2013 and (ii) the interim distribution for the first six months of 2014, which will be paid together no later than November 30, 2014.
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