Distribution Policy

 

Distributions to Unitholders will, subject to compliance with applicable legal and regulatory requirements, be declared and paid in Hong Kong dollar. The REIT Manager’s policy is to distribute to Unitholders an amount equal to 100% of New Century REIT’s Total Distributable Income for the period from the Listing Date to December 31, 2013 and the financial year ending December 31, 2014 and thereafter at least 90% of New Century REIT’s Total Distributable Income for each financial year.


Pursuant to the Trust Deed, New Century REIT is in any event required to ensure that the total amount distributed to Unitholders shall be no less than 90% of New Century REIT’s Total Distributable Income for each financial year.