Management fee for REIT

Dear Mr. Tan,
I am a unit holder of Frasers Commercial Trust. Currently the pricing of the unit to pay for the management fee is based on average daily market price.The daily market price could be 15% of the net asset value of the unit when market for REIT is very low, and the number of units issued to pay for the management fee per year could be more than 6% of total number of unit, this will cause the dilution of the unit.

I suggest that the trust deed be amended. The pricing could be based on the net asset value of the unit instead of average market price when computing the number of units to be issued for Management Fee.

Mr Tan, I hope you can help us to bring this issue to the relevant authority.

HG