FLCT unitholders approve changes to management fee mechanics
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Unitholders of Frasers Logistics & Commercial Trust (FLCT) approved changes to the management fee mechanics at the annual general meeting. The manager, Frasers Logistics & Commercial Asset Management Pte. Ltd., formalized these amendments with Perpetual (Asia) Limited. The changes involve the timing of the manager's election regarding fee payments and the method for determining market prices for unit settlements. The revised provisions will take effect one month from the announcement date.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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