Excluding the withholding tax, 1Q DPU would have been 1.570 cents, some 1.9% higher than a year ago.
SINGAPORE (May 10): The manager of EC World Real Estate Investment Trust (ECW) declared a distribution per unit (DPU) of 1.469 cents for the 1Q ended March, down 4.7% from the DPU of 1.541 cents a year ago.
This was as a result of withholding tax incurred during the cash repatriation exercise completed in March. The manager says no further such exercise is planned for the remainder of FY18.
