Vote For Resolutions 1 And 2 At Sabana Reit 2024

How to Vote for Resolutions 1 and 2 at Sabana REIT EGM on August 7, 2023 - A Game-Changer for Unitholders

Discover the importance of voting for Resolutions 1 and 2 at Sabana REIT's upcoming EGM on August 7, 2023. Quarz Capital urges unitholders to replace the external manager, potentially leading to a 30% increase in DPU. Learn how to cast your vote and seize the opportunity for change.

Sabana REIT's EGM on August 7, 2023
Quarz Capital urges unitholders to vote for Resolutions 1 and 2
Resolutions aim to replace the external manager with an internal manager owned by unitholders
Potential benefits include a 30% increase in DPU and narrowing the gap between price and NAV
No change of control clause triggered at EGM
Strong support from banks and low leverage
Guidance on how to cast your vote
A new internal manager promises to enhance DPU, unit price, and corporate governance at Sabana REIT.

Sabana REIT is set to hold an Extraordinary General Meeting (EGM) on August 7, 2023, and Quarz Capital is rallying unitholders to vote for Resolutions 1 and 2. These resolutions are aimed at replacing the current external manager with a new internal manager owned by all unitholders. The proposed change is expected to bring about significant benefits, including the potential for a 30% increase in Distribution Per Unit (DPU) and the reduction of the gap between the unit price and Net Asset Value (NAV).

It's worth noting that if Resolutions 1 and 2 are approved, the external manager will continue to serve until the new internal manager is fully operational and ready to take over the management of the REIT. The trust deed does not provide for the external manager to resign without approval from the trustee or the Monetary Authority of Singapore (MAS). The external manager has also committed to adhering to the trustee's instructions, ensuring a smooth transition.

The change of control clause will not be triggered at the EGM, in line with the history of SGX-listed REITs, where banks have consistently supported transitions in REIT managers and ownership changes due to the strong backing of property portfolios.

Sabana REIT maintains a relatively low leverage of 32.5%, and its strong recurring net property income allows it to fully repay loans in less than six years. The introduction of a new internal manager, backed by all unitholders, is expected to enhance its credibility and governance.

Quarz Capital is fully committed to supporting this transition and is prepared to collaborate with Sabana unitholders and engage with various stakeholders, including Sabana's bankers, MAS, SGX RegCo, and corporate governance experts.

To participate in this important vote, unitholders are provided with guidance on how to cast their ballots based on their account type

CDP Account Holders Attend the EGM in person or send a proxy form with the option to vote in favor of Resolutions 1 and 2.
CPFIS or SRS Account Holders Fill in the proxy form and deliver it to the branch of your agent bank. If you intend to attend the EGM in person, inform your bank to appoint you as a proxy.
Bank or Broker Account Holders Contact your bank or broker to instruct them to vote for Resolutions 1 and 2.

Unitholders are encouraged to act promptly, as most deadlines fall between July 27th and July 31st.

In conclusion, the proposed change to an internal manager at Sabana REIT presents a unique opportunity for unitholders to potentially enhance their investment. By participating in the voting process, unitholders can contribute to improving the REIT's DPU, unit price, and corporate governance. Let's stand united and vote for the new internal manager at the EGM on August 7, 2023.

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