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1. INTRODUCTION
The Board of Directors ("the Board") of AmanahRaya-REIT Managers Sdn
Bhd, the management company of ARREIT wishes to announce that the
Trustee Fee of ARREIT has been revised from the existing 0.04% to 0.05%
per annum of the Net Asset Value of the ARREIT on 15 June 2010.
2. RATIONALE OF REVISION
The rationale of the revision of Trustee Fee is to be aligned with the
Practice Note 8(2) of the Association of Trust Companies Malaysia dated
30 May 2006.
3. APPROVAL
The revision is not subject to the approval of the Unitholders pursuant
to the provision of the Clause 20.1(a) of the Trust Deed dated 10
October 2006 (as varied by Supplemental Trust Deed dated 4 January 2007
and the Second Supplemental Trust Deed dated 27 August 2009) where the
revised Trustee Fee of 0.05% per annum of the Net Asset Value of the
ARREIT is less than the approved annual trusteeship fee of 0.1% per
annum of the Net Asset Value of the ARREIT.
4. FINANCIAL EFFECTS
The above transaction does not has any material effect on the net asset
value, earning and distribution income of ARREIT for the financial year
ended 31 December 2009 and is not expected to have any material effect
for the financial year ending 31 December 2010.
This announcement is dated 10 June 2010. |
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