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EC World REIT reports 4.7% lower 1Q DPU of 1.469 cents on withholding tax

Stanislaus Jude Chan
Stanislaus Jude Chan5/10/2018 07:33 PM GMT+08  • 2 min read
EC World REIT reports 4.7% lower 1Q DPU of 1.469 cents on withholding tax
SINGAPORE (May 10): The manager of EC World Real Estate Investment Trust (ECW) declared a distribution per unit (DPU) of 1.469 cents for the 1Q ended March, down 4.7% from the DPU of 1.541 cents a year ago.
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SINGAPORE (May 10): The manager of EC World Real Estate Investment Trust (ECW) declared a distribution per unit (DPU) of 1.469 cents for the 1Q ended March, down 4.7% from the DPU of 1.541 cents a year ago.

This was as a result of withholding tax incurred during the cash repatriation exercise completed in March. The manager says no further such exercise is planned for the remainder of FY18.

Excluding the withholding tax, 1Q DPU would have been 1.570 cents, some 1.9% higher than a year ago.

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