Brief: Starhill Global REIT Updates Various Measures To Stem Spread Of COVID-19

Starhill Global Real Estate Investment Trust

08/04/2020 11:38

April 8 (Reuters) - Starhill Global Real Estate Investment
Trust  STHL.SI :
    * TO PROVIDE MORE RENTAL RELIEF TO ELIGIBLE RETAIL TENANTS
OF
SINGAPORE PROPERTIES IMPACTED BY COVID-19
    *  FROM QUARTER ENDED 31 MARCH, TO SWITCH FROM QTRLY TO
SEMI-ANNUAL DISTRIBUTION
    * YTL STARHILL GLOBAL'S BOARD OF DIRECTORS TO TAKE 20% CUT
IN
DIRECTORS' FEES FOR 3 MONTHS FROM APRIL
    * RETAIL TENANTS AT ASSETS IN SINGAPORE, AUSTRALIA AND CHINA
HAVE
BEEN IMPACTED BY LOWER TOURIST ARRIVALS
    * YTL STARHILL GLOBAL'S CEO & CFO TO TAKE PAY CUT OF 10%,
SENIOR
STAFF TO TAKE PAY CUTS OF 5% FOR 3 MNTHS
    * SAVINGS FROM SALARY ADJUSTMENT TO BE PASSED TO UNITHOLDERS
    * EVALUATING PACKAGE TO SUPPORT TENANTS OF PROPERTIES IN
ADELAIDE
& PERTH

Source text for Eikon:  ID:nSNZ8zCj2z 
Further company coverage:  STHL.SI 

 ((Reuters.Briefs@thomsonreuters.com;))