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@Derrick. The dividends that received from REIT are added to your total income and taxed at your personal income tax bracket (which ranges from 0% to 30%)
Interesting corporate proposal to raise funds from Mr Ong. Retail investors with fond memories of the Covid era will remember what was the knee-jerk, market reaction to Eddie’s PP news. Granted, this is a “stable, normal” REIT stock, but still, happy to see his involvement
I was attracted to this REIT because of its high dividend yield and 4 times payment per year. But I get very disappointed it keeps doing private placement. It’s constantly in shopping spree asking shareholders money. The share price can never go up to 90 Sen.