Keppel Infrastructure Trust should get its DPU on strong upward trajectory before revising fees
Based on calculations provided in the circular, the new fee structure may be viewed as less about aligning interests than about the trustee-manager lining its pockets
UNITHOLDERS of Keppel Infrastructure Trust (KIT) will vote on a proposal to revise its fee structure at an extraordinary general meeting (EGM) scheduled for Apr 19.
During the coming fortnight, they are likely to hear a lot about why this fee structure revision is not only justified but in their own interests. Indeed, an "information session" facilitated by the Securities Investors Association (Singapore) is to be held this week - on Wednesday (Apr 6).
Unitholders of KIT should ask some hard questions about why the proposed fee structure revision is warranted at this particular moment.
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