CDL Hospitality Trusts (SG:J85) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
CDL Hospitality Trusts has declared the issuance of 6,083,613 new stapled securities as payment for management fees. This move pays the performance and base management fees for CDL Hospitality Real Estate Investment Trust and CDL Hospitality Business Trust managers, based on net property income. The issuance increases the total stapled securities count to 1,253,383,650 as of the announcement date.
For further insights into SG:J85 stock, check out TipRanks’ Stock Analysis page.