ADVOKS GLOBAL · KENYA
The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations
104. Distribution recommendations and statements
Edition: 2023-10-06 · In force
104. Distribution recommendations and statements
The REIT Manager shall, whenever a distribution, including any interim distribution is made, circulate to the Authority and to the REIT securities holders a notice of distribution and a statement authorized by the trustee which statement shall include details of—(a)the source and nature of the distribution;(b)the total returns of the real estate investment trust and scheme from income or capital gains;(c)in the case of an I-REIT the percentage income distributed as calculated in accordance with Regulation 72 and if less than eighty percent the reasons why the proposed distribution is less than eighty percent; and(d)the net asset value per unit prior to, and subsequent to, the making of the distribution.