KIT trustee-manager proposes pegging base, performance fees to distributions
Move aimed at helping it better align its interests with the business trust's unitholders and support KIT's growth plans
Add BT as a preferred source
Singapore
THE trustee-manager of Keppel Infrastructure Trust (KIT) has proposed new base fee and performance fee structures pegged to distributable income and distribution per unit (DPU) growth respectively.
The move will help the trustee-manager better align its interests with the business trust's unitholders and support KIT's growth plans, it said in a bourse filing on Monday (Mar 28).
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Are Keppel’s dividends truly unsustainable – or just misunderstood?
UOB aims to double wealth income to at least S$2.5 billion by 2030; Q1 profit slips 4%
Sony, Singapore’s GIC to pay almost US$4 billion for Bieber, Neil Young catalogue
