PCRT paying one-off Q3 DPU of 0.95 cent

Singapore

PERENNIAL China Retail Trust (PCRT) on Tuesday declared a one-off interim distribution per unit (DPU) of 0.95 Singapore cent for its third quarter ended Sept 30, 2014, instead of the semi-annual payments it usually makes for six-month periods ending June and December.

The trust, Singapore's first pure-play Chinese retail development trust, said this was done in view of the voluntary conditional general offer for PCRT announced last week by its sponsor Perennial Real Estate Holdings Ltd (PREHL), known formerly known as St James Holdings before its reverse takeover.