CDL Hospitality Trusts Secures Tax Ruling on S$150 Million Perpetual Securities

The latest announcement is out from CDL Hospitality Trusts ( (SG:J85) ).

CDL Hospitality Trusts has obtained a tax ruling from the Inland Revenue Authority of Singapore confirming that its S$150 million 3.70% subordinated perpetual securities issued under a S$1.5 billion multicurrency debt issuance programme will be treated as debt securities for tax purposes. As a result, distributions on these perpetual securities will be regarded as interest on indebtedness, allowing eligible holders to benefit from Singapore’s qualifying debt securities tax concessions and exemptions, which may enhance the overall attractiveness and after-tax yield of the instruments for investors.

The most recent analyst rating on (SG:J85) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on CDL Hospitality Trusts stock, see the SG:J85 Stock Forecast page.

More about CDL Hospitality Trusts

CDL Hospitality Trusts is a stapled group comprising CDL Hospitality Real Estate Investment Trust and CDL Hospitality Business Trust, both established in Singapore. The group focuses on hospitality-related real estate investments and associated business operations, offering investors exposure to income-generating hotel and lodging assets in regional and international markets.

Average Trading Volume: 1,389,950

Technical Sentiment Signal: Sell

Current Market Cap: S$1.02B

For detailed information about J85 stock, go to TipRanks’ Stock Analysis page.