CDL Hospitality Trusts (SG:J85) has released an update.
CDL Hospitality Trusts has issued 1,729,728 stapled securities to pay 80% of its base management fees for the third quarter of 2024. The securities were distributed to the managers and trustee-managers of its real estate and business trusts, priced at S$0.9790 per security. This brings the total number of stapled securities in circulation to over 1.25 billion, reflecting the trust’s strategic approach to fee payments.
For further insights into SG:J85 stock, check out TipRanks’ Stock Analysis page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
