Fortune REIT Pays Manager Base Fee in Cash and Units
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Fortune Real Estate Investment Trust has announced the payment of its manager’s base fee to ESR Asset Management, amounting to 0.3% per annum of property values, payable quarterly. The payment will be made in cash and through the issuance of 4,518,257 new units, compliant with REIT Code limits. This issuance does not require unitholder approval as it is within the 3% cap of total outstanding units for the financial year.
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