SINGAPORE (May 15): The managers of Viva Industrial Trust (VIT) have announced distribution per stapled security (DPS) of 1.838 cents for the 1Q ended March, down slightly by 0.9% from DPS of 1.854 cents a year ago.

The decline was mainly due to all of the management fees payable to the managers of VIT for 1Q18 being paid in cash, instead of a combination of cash and VIT stapled securities. This was partially offset by the release of all the previously retained distributable income of $1.8 million arising from the Jackson Square Rental Support Settlement.

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