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INCREASE IN ANNUAL MANAGEMENT FEE FROM 0.7% TO 1.0% PER ANNUM OF THE NET ASSET VALUE OF AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT")

AXIS REAL ESTATE INVESTMENT TRUST

Type

Announcement
SubjectINCREASE IN ANNUAL MANAGEMENT FEE FROM 0.7% TO 1.0% PER ANNUM OF THE NET ASSET VALUE OF AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT")

Contents :

The Board of Directors of Axis REIT Managers Bhd ("ARMB"), the management Company of Axis-REIT, wishes to announce that the annual management fee payable to ARMB for services rendered to Axis-REIT, has been increased from 0.7% to 1.0% per annum of the Net Asset Value of Axis-REIT with effect from 1 July 2006.


This increase in annual management fee is within the limit stipulated under Clause 19.1 of the Deed constituting the Axis-REIT dated 15 June 2005.



Announcement Info

Company NameAXIS REAL ESTATE INVESTMENT TRUST  
Stock Name AXREIT    
Date Announced11 Jul 2006  
CategoryGeneral Announcement
Reference NoCC-060711-185F7



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