Frasers Commercial Trust (FCOT) unitholders who trade in odd lots of Frasers Logistics and Industrial Trust (FLT) units will not be charged brokerage fees.
This arrangement has been agreed upon between FCOT’s manager, and three brokers in Singapore.
The brokers are namely DBS Vickers Securities, OCBC Securities, and Philip Securities.
The fee waiver will apply to an aggregate of 99 or less FLT units bought or sold in a single day.
As part of the proposed merger between FCOT and FLT that was announced earlier in the year, FCOT unitholders may receive odd lots of FLT units.
The arrangement will allow FCOT unitholders to either round up or round down their unitholdings to the board lot size of FLT units in multiples of 100.