Is the Scheme applicable every quarter?
No. The Board will determine and announce the applicability of the Scheme for each quarterly distribution during the quarterly financial results announcement. In determining the applicability of the Scheme, the Board will consider all relevant factors, in the interest of FSL Trust. These include prevailing market conditions, the DPU as well as the prevailing unit price of FSL Trust listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”). The Board will also consider the potential use of the retained cash arising from the application of the Scheme in achieving the two main objectives of yield sustainability and yield enhancement. If the Board decides that the Scheme will not apply for the particular distribution, all Unitholders will receive their distributions in cash.
