Singapore-listed industrial REIT, Ascendas REIT (SGX:A17U), announced on 4 January that it has declared an advanced distribution of 3.060 Singapore cents per unit for the period from 1 October 2015 to 17 December 2015.

The advanced distribution comprises of a taxable income distribution of 3.005 cents, a tax-exempt income distribution of 0.039 cent and capital distribution of 0.016 cent per unit.

Unitholders with units of Ascendas REIT as at 5.00 p.m. on 17 December 2015 will be entitled to the advanced distribution that will be paid on 15 January 2016, said the REIT.

However new units issued pursuant to the private placement and the new units to be issued pursuant to the pro-rata and non-renounceable preferential offering which was announced on 9 December 2015 will not be entitled to the advanced distribution.

“The next distribution thereafter will comprise [Ascendas] REIT’s distribution for the period from 18 December 2015 to 31 March 2016. Semi-annual distributions will resume thereafter”, the REIT added in its announcement.

Units of Ascendas REIT are currently listed on the Singapore Exchange at SGD2.25.