SINGAPORE (Aug 7): The manager of OUE Commercial Real Estate Investment Trust (OUE C-REIT) has announced distribution per unit (DPU) of 1.68 cents for the 1H19 ended June, some 22.9% lower than DPU of 2.18 cents a year ago.

The decline was due to an enlarged unit base, as a result of some 1.29 billion new units issued on Oct 30, 2018, pursuant to the rights issue.

OUE C-REIT pays out its distribution on a semi-annual basis. The DPU of 1.68 cents for 1H19 is expected to be paid on Sept 12.

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