Real Estate Investment Trusts (REIT)

A Real Estate Investment Trust (REIT) is a collective investment scheme whereby funds from investors are pooled and invested towards a specified goal as set out in the fund’s investment objectives. A REIT, which may be listed or unlisted, invests in a portfolio of real estate or related assets which generate rental income from tenants. The income, net of expenses, is then distributed to investors at regular intervals.

 

Pacific Trustees acts as custodian of the REIT assets:

  • All assets must be registered in the name of the Trustee.

  • For listed shares/bonds where certificates are not issued, the Central Depository System (CDS) accounts must be opened in the name of Pacific Trustees.

  • Trustee is a party to all documents and must therefore ensure that all original documents are in its custody.

  • Trustee must ensure the insurable amounts commensurate with valuation reports

  • Trustee is the sole signatory to these accounts:

    • Trust Income account

    • Distribution account

    • Unclaimed Money account

    • CDS account and scripless securities trading account

Pacific Trustees is equipped operationally with an effective procedural manual and efficient resources to support and enhance any REIT. 

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Pacific Trustees Berhad 

Unit A-11-8, 11th Floor,
Megan Avenue 1,
189, Jalan Tun Razak,
50400 Kuala Lumpur.

Tel:  603-2166 8830

© 2020 Copyright By Pacific Trustees Group International

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