News

We refer to the announcements dated 21 July 2020, 28 July 2020 and 6 August 2020 in relation to the DRP (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On 21 July 2020, CMMT announced its quarterly results for the 6-month financial period ended 30 June 2020 and approved the First Income Distribution.

It has also been determined that the DRP shall apply to the First Income Distribution, which allows Unitholders to reinvest their First Income Distribution in new CMMT Units, where the gross electable portion will be 0.505 sen per CMMT Unit (which is taxable in the hands of Unitholders) out of the First Income Distribution (“Electable Portion”).

The DRP provides the Unitholders the option to reinvest the entire Electable Portion or part of the Electable Portion in new CMMT Units.

The remaining 0.505 sen per CMMT Unit (of which 0.335 sen per CMMT Unit is taxable and 0.170 sen per CMMT Unit is non-taxable in the hands of the Unitholders) (“Non-Electable Portion”) of the First Income Distribution of 1.01 sen per Unit will be paid in cash.

If the Unitholder elects not to participate in the DRP, then both the Electable Portion and Non-Electable Portion will be paid wholly in cash.

The Manager wishes to announce that the issue price of the new CMMT Units to be issued pursuant to the DRP applicable to the First Income Distribution has been fixed today (“Price Fixing Date”) at RM0.6683 per new CMMT Unit (“Issue Price”), based on the 5-Market Day volume weighted average market price (“VWAMP”) of CMMT Units up to and including 19 August 2020 of RM0.6851, being the last trading day immediately prior to the Price Fixing Date. The Issue Price was fixed after:

1. deducting the First Income Distribution of RM0.0101 per CMMT Unit; and
2. applying a discount of RM0.00675 which is a 1.0% discount to the ex-dividend 5-Market Day VWAMP of RM0.6750 per CMMT Unit.

The entitlement date for the First Income Distribution and the DRP have been fixed on 7 September 2020.

Barring any unforeseen circumstances, the new CMMT Units arising from the exercise of the DRP will be listed on the Main Market of Bursa Malaysia Securities Berhad on14 October 2020.

This announcement is dated 21 August 2020.