What are the objectives of the Distribution Reinvestment Scheme?
The main objective of the Scheme is to give Unitholders an option to receive their distributions in new units in lieu of cash. This allows Unitholders who choose to participate in the Scheme to reinvest all or part of their distributions in FSL Trust without incurring transaction costs. The Scheme gives the Trustee-Manager more financial flexibility in managing its two main corporate objectives: yield sustainability and yield enhancement. With the issue of new units in lieu of cash, the capital base of FSL Trust will be enlarged incrementally and this is expected to enhance the trading liquidity of the units in the long run.
