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
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).
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