PCRT posts 0.95cts DPU, supported by deed drawdown: "Perennial China Retail Trust on Tuesday announced a first-quarter distribution per unit (DPU) of 0.95 Singapore cents, nearly unchanged from 0.94 cents a year ago.
Amount available for distribution to unitholders for the quarter was S$10.9 million, marginally higher than S$10.6 million a year ago.
The amount came mainly from a S$10.9 million drawdown under the new RMB226.5 million (S$44.9 million) earn-out deed.
The deed allows the trust to draw down on funds to pay unitholders, should the net property income of certain properties held by Shenyang Summit, an entity jointly controlled by the trust and Tong Jingquan, fall below a certain amount for the period, as set out in the deed."
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