SINGAPORE (Jan 17): The year’s potential first real estate investment trust IPO, Elite Commercial REIT lodged its prospectus on Jan 17. Trading is likely to be in sterling and distributions will be declared in GBP. Each unitholder will receive his distribution in Singapore dollars equivalent of the GBP distribution declared, unless he elects to receive the relevant distribution in GBP by submitting a “Distribution Election Notice” by the relevant cut-off date.

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