Sabana REIT explains why resolutions not in best interests of unitholders at dialogue session

SINGAPORE (April 22): The manager of Sabana REIT is recommending unitholders vote against the resolutions tabled for voting in the EGM on April 28.

“Having reviewed the resolutions carefully, the board and manager are of the view that they are not in the best interests of unitholders,” says Sabana REIT Management (SREIM) in its presentation in Friday's dialogue session organised with the Securities Investors Association (Singapore).

Resolution 1 calls for the removal of SREIM as manager of the REIT while Resolution 2 calls for the proposed internalisation of the REIT management function.

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