Thailand Prime Property Freehold and Leasehold REIT Announces Capital Reduction and Dividend Payment
The Board of Directors of SCCP REIT Company Limited, the REIT Manager of Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust (TPRIME), has approved a 2nd capital reduction of TPRIME in 2025. This involves decreasing the value of the unit trust at a rate of Baht 0.0361 per unit trust, with the new par value set at Baht 8.3079 per unit trust. The distribution date for this capital reduction is scheduled for June 6, 2025. Additionally, the Board has approved a dividend payment from retained earnings at a rate of Baht 0.1094 per unit, with the dividend payment date also set for June 6, 2025.
Key Takeaways:
- The Board of Directors of SCCP REIT Company Limited approved a 2nd capital reduction of TPRIME in 2025, decreasing the value of the unit trust at a rate of Baht 0.0361 per unit trust.
- The new par value of the unit trust has been set at Baht 8.3079 per unit trust, with a distribution date of June 6, 2025.
- The Board also approved a dividend payment from retained earnings at a rate of Baht 0.1094 per unit, with a dividend payment date of June 6, 2025.
- The book closing date to determine the right to receive the capital reduction proceeds and dividend is May 23, 2025.
- The capital reduction and dividend payment are contingent on TPRIME receiving repayment of principal of loan provided to the company and/or receiving dividends from the company's existing retained earnings.
- The trust deed number 5.2.1 refers to the provision for distribution of excess liquidity to TPRIME holders.
Statistics:
- Capital reduction rate: Baht 0.0361 per unit trust
- New par value: Baht 8.3079 per unit trust
- Dividend payment rate: Baht 0.1094 per unit
- Book closing date: May 23, 2025
- Distribution date: June 6, 2025
- Dividend payment date: June 6, 2025
Sources:
- Stock Exchange of Thailand company announcement
- SCCP REIT Company Limited public announcement