Under the provisions, unitholders will not receive any dividends, distributions or any other payment on the units or on the $120.0 million perpetual securities unless and until certain conditions are made.
Lippo Malls Indonesia Retail Trust (LMIRT) (SGX:D5IU
) will not be paying any distributions per unit (DPU) for its 3QFY2023 ended Sept 30.
As announced on Sept 18, this will be the third consecutive quarter in which LMIRT will not be paying distributions to holders of its $140 million perpetual securities. The REIT manager first announced the dividend stopper provisions on March 20.
