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Required fields (Constituted in the Republic of Singapore pursuant to A trust deed dated 19 October 2006 (as amended)) NOTICE OF RECORD DATE AND DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders of First Real Estate Investment Trust ( First REIT ) will be closed at 5.00 p.m. on 18 May 2021 (the Record Date ) to determine Unitholders entitlements to First REIT s distribution. First REIT has announced a distribution of 0.65 cents per unit in First REIT ( Unit ) for the period from 1 January 2021 to 31 March 2021, comprising a taxable income component of 0.05 cents per Unit and a capital component of 0.60 cents per Unit (the
(Incorporated in the Republic of Singapore) (Company Registration Number 200404283C) EFFECTIVE DATE OF PROPOSED LISTING TRANSFER Unless otherwise expressly defined herein, all capitalised terms and references used in this announcement shall have the meanings ascribed to them in the circular dated 31 December 2020 (the Circular ) in relation to, inter alia, the proposed acquisition of the entire issued and paid-up share capital of Livingstone Health Ltd. The Board of Directors ( Board ) of Livingstone Health Holdings Limited (formerly known as Citicode Ltd.) (the Company and together with its subsidiaries, the Group ) refers to: the announcement dated 31 December 2020 in relation to the receipt of approval in-principle for the Proposed Listing Transfer;
Disclosure requirements and regulation of mutual fund costs are powerful tools for regulators.
Grant Kennaway, Morningstar Australasia Pty Ltd., and Christina West, Morningstar Research Services LLC
Feb 18, 2020
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Regulation is one of the key drivers of increasingly low mutual fund fees around the world, as identified in the Fees and Expenses chapter of Morningstar’s latest Global Investor Experience Study, or GIE. While other drivers of lower fees include investor awareness, competition, and the growth of passive products, regulation is the most powerful top-down driver that can lead to rapid and material investor benefits.
Regulators employ two main tactics to ensure that fees are competitive and proportionate to the value that investors derive. The most prevalent, which we explore below, are disclosure requirements and specifications around what and how mutual fund costs can be charged.