Overv i ew
what af f ect s us
what we do
our p e r formance
Overview
Enhanced stability
Although a-iTrust is structured as a business trust, we
have voluntarily adopted the following restrictions to
enhance the stability of distributions to Unitholders:
•
Adherence to safeguarding provisions on
allowable investments as defined under Monetary
Authority of Singapore’s Property Fund Appendix;
•
Gearing ratio capped at 45%;
•
Property development activities limited to
20% of Trust property; and
•
Minimum 90% of distributable income to
be distributed.
Tax-exempt distributions
Distributions made by a-iTrust, being a registered
business trust, are exempt from Singapore income
tax in the hands of all Unitholders, i.e. regardless of
whether they are corporates or individuals, foreign
or local. Our distributions are free of Singapore
withholding tax or tax deducted at source.
Asset and property management
a-iTrust is managed by Ascendas Property Fund
Trustee Pte. Ltd. (“Trustee-Manager”), a wholly-
owned subsidiary of Ascendas-Singbridge Group.
The Trustee-Manager has the dual responsibility
of safeguarding the interests of Unitholders, and
managing the business conducted by a-iTrust.
Ascendas Services (India) Pte. Ltd. (“Property
Manager”) is responsible for managing the daily
operations and maintenance of our properties.
.11
ASCENDAS india trust ANNUAL REPORT
2015/2016
