TOWER REITS announced a quarterly dividend of RM 0.0031 per share. The dividend is payable on 28-Feb-2023, while the ex-date will be on 15-Feb-2023. This is lower than the previous dividend of RM 0.0065 per share, with ex-date of 12-Aug-2022 and paid to the shareholders on 30-Aug-2022.
Ann. Date
Ex Date
Amount
Payment Date
About TOWER REITS
Tower Real Estate Investment Trust is a real estate investment trust that invests in office buildings and commercial properties. The company?s objective is to provide with stable distribution per unit and sustain the growth of distribution in long-term; and achieve medium to long-term growth in net asset value per unit. Its portfolio consists of two commercial office buildings located in Klang Valley. The company?s portfolio has a diversified tenant base in various sectors that include information technology, property, trading, professional services, advertising, financial services, oil and gas, embassy and others.
How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.
On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
How to apply
No application is needed. Shareholders that fulfill the requirement above will receive the dividend in their registered bank account on the payment date automatically.
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