- Keppel Pacific Oak US REIT is seeking approval to amend its trust deed for flexibility to vary its payout ratio. Funds retained are used to meet capex requirements to ensure aggregate leverage is maintained at a comfortable level.
- - Read this at SGinvestors.io -
Proposed amendment to trust deed.
- The manager of Keppel Pacific Oak US REIT (SGX:CMOU) has proposed amending its trust deed to require the manager to consider the interest of Keppel Pacific Oak US REIT and its unitholders when determining the amount of distributions to declare, which may range from 0% to 100% of distributable income.
- - Read this at SGinvestors.io -
Ensure sustainable financing of capex requirements.
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