The issuance of 3,547,813 units is pursuant to the part payment of management fees in units to Pavilion REIT Management Sdn Bhd, the Manager of Pavilion Real Estate Investment Trust, for the financial period ended 30 June 2012. The total management fee payable to the Manager for the financial period ended 30 June 2012 amounted to RM9,244,181.65, whereby approximately RM4,622,090.82 will be satisfied via the issuance of new units to the Manager. Based on the 5-day volume weighted average price of the units up to but excluding 6 August 2012 (being the date of announcement of Pavilion REIT's latest quarterly report) of RM1.30280 (adjusted for the RM0.0336 cash distribution by Pavilion REIT for which the entitlement date is on 23 August 2012), the number of units to be issued to the Manager is 3,547,813 units.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....