Unitholders Say "Yes" to Accordia Golf Trust Sale

News about Accordia Golf Trust

The complete sale of Accordia Golf Trust assets has been given the go-ahead by its unitholders with a 97.55% vote in favour.

The expected payout date is on Oct 15, with a special distribution of 54.57 yen per unit. The special distributions will be paid to unitholders in Singapore dollars.

Assuming an illustrative exchange rate of S$1 to 76.8545 yen, the first tranche special distribution will amount to about S$0.71 per unit.

Accordia Golf Trust
Price0.725 SGD
NAV54.860 JPY
Yield (4 quarters)5.93%
Gearing31.2%