Ascott Residence Trust (SG:HMN) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
CapitaLand Ascott Trust has announced the issuance of 4,887,249 new stapled securities as part payment of management fees for the first quarter of 2024. The securities were issued to the REIT Manager and BT Trustee-Manager at S$0.9211 each, increasing the total number of stapled securities in issue to 3,786,531,273. This financial move reflects the trust’s ongoing management compensation strategy through equity rather than cash payments.
For further insights into SG:HMN stock, check out TipRanks’ Stock Analysis page.
