Derayah Financial Announces Q2 2018 Cash Distribution for Unitholders of Derayah REIT
Derayah Financial announces Q2 2018 cash distribution for unitholders of Derayah REIT for the entitlement period which started from 15/07/1439H corresponding to 01/04/2018G until 16/10/1439H corresponding to 30/06/2018G (91 days only) as per the following:
– Total cash distribution is SR 19,406,800
– The distribution will be based upon the outstanding number of units which is 107,507,035 units
– Cash distribution is SR 0.181 per unit, or 1.81% relative to the IPO price.
– Since the entitlement date fell on a weekend, then the cash distribution entitlement for the unitholders will be as per the unitholder registry at the closing of trading on Thursday 14/10/1439H corresponding to 28/06/2018G
– Cash distribution will be paid within 30 days from entitlement date
Further, the Fund Manager would like to remind the unitholders to update their details with their banks to ensure a smooth payment process.