One of the best parts about summer is that it’s dividend season! I receive the bulk of dividends from companies I invested in during this time especially since most of them switched to semi-annual payouts instead of quarterly.
This time around, Mapletree North Asia Commercial Trust’s (MNACT) has offered DRP for their H2 FY20/21 distribution again at the issue price of $1.0449 per unit. The default mode of distribution is cash so I will have to elect to receive my distributions in units, which can be done via both snail mail and online. I have put together a quick tutorial on how to do so online via the SGX Investor Portal.
Do note that the online submission can only be done between Monday to Friday at 8.00am to 9.00pm and Saturday at 8.00am to 1.00pm.
Step 1: Go to the SGX Investor Portal.
You do not have to log into your CDP account but do have your CDP account number handy as you will need it for the submission.
Step 2: Navigate to “Corporate Actions Form Submission” on the main page and select the name of the security.
You can click “View full list” if the security you are looking for does not appear on the dashboard.
A new page will pop out when you click on the link of the security, showing the details of the corporate action.
Step 3: Click “Proceed” after reviewing the details.
Step 4: Key in the your CDP account number and the last four characters of your NRIC and click “Verify”.
Step 5: Select your election option and click “Next”.
You can choose to receive in “Full distribution” or “Partial distribution”. If you select “Full”, you will be taken to the next page to review the details before submission. If you select “Partial”, you will be required to indicate the number of existing units to receive in cash or in new units.
Step 6: Review your submission details, select the checkboxes under the declaration section, and click “Submit”.
You will be redirected to a page acknowledging your form submission and that’s it! No further action required.
For those who are holding onto MNACT units, how will you be choosing to receive your distributions?