SFS Real Estate Investment Trust (NGX: SFSREIT) will distribute ₦14.50 dividend per unit of REIT owned for period ended 31 December, 2023.
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The stated which is subject to approval will be paid to unitholders whose names appear in the Register of Members as at the
close of business on Friday, April 19, 2024.
A unit of SFSREIT closed at ₦14.50 per unit at the end of trading on the Nigerian Exchange Limited on Thursday.
On Tuesday, May 14, 2024, distribution will be paid electronically to unitholders whose names appear on the Register of Members as at Friday, April 19, 2024, and who have completed the e-dividend registration and mandated the Registrar to pay their distributions directly into their Bank accounts.
Unitholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, which is also available on the website of the Registrars: http://www.paceregistrars.com/E_MANDATE.pdf, complete and submit to the Registrar or their respective Banks.
A general meeting of SFS Real Estate Investment Trust will hold on May 14, 2024.
SFSREIT posted a net income of ₦317.50 million in 2023 (₦186.62 million). It earned a net income per unit of ₦15.88 (2022: ₦9.33).
The SFS Real Estate Investment Trust is a fund incorporated under the laws of Nigeria. The address of the Fund’s registered office is Plot 287, Ajose Adeogun Street, Victoria Island, Lagos. It is governed by a Trust Deed approved by the Securities and Exchange Commission.
The fund’s units are listed on the floor of the Nigerian Exchange Group. Its financial statements are filed with Securities and Exchange Commission and other regulatory authorities.
The SFS Real Estate Investment Trust is a close – ended Real Estate Investment Trust (REIT), primarily involved in acquiring investment properties which are held for capital appreciation.
The investment activities of the fund are managed by SFS Capital Nigeria Limited (the fund manager) while Apel Capital and Trust Limited are the Trustees.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
