OPERATING EXPENSES AND TAXATION According to disclosure requirements under paragraph 11.1 item (l) of the Property Funds Appendix of the Code on Collective Investment Schemes, the total operating expenses incurred by CapitaLand Ascott Trust in FY 2023 was S$447.3 million. The amount included all fees and charges paid to the Managers and interested parties. This translates to 10.3% of the property fund’s net asset value as at 31 December 2023. Taxation incurred was S$72.4 million. REIT MANAGER’S MANAGEMENT FEES PAID IN STAPLED SECURITIES A summary of Stapled Securities issued for payment of the REIT Manager’s management fees (part payment) in respect of the financial year are as follows: For Period Issue Date Stapled Securities Issue Price Total Value S$ S$’000 Base Management Fees 1 January 2023 to 31 March 2023 8 May 2023 3,390,682 0.995 3,373 1 April 2023 to 30 June 2023 7 August 2023 3,124,109 1.097 3,427 1 July 2023 to 30 September 2023 6 November 2023 3,567,105 0.972 3,467 1 October 2023 to 31 December 2023 27 February 2024 3,611,479 0.977 3,527 13,693,375 13,794 Performance Management Fees 1 January 2023 to 31 December 2023 27 February 2024 8,441,085 0.977 8,244 22,134,460 22,038 BT TRUSTEE-MANAGER’S MANAGEMENT FEES PAID IN STAPLED SECURITIES A summary of Stapled Securities issued for payment of the BT Trustee-Manager’s management fees (part payment) in respect of the financial year are as follows: For Period Issue Date Stapled Securities Issue Price Total Value S$ S$’000 Base and Performance Management Fees 1 January 2023 to 31 March 2023 8 May 2023 578,148 0.995 575 1 April 2023 to 30 June 2023 7 August 2023 475,124 1.097 521 1 July 2023 to 30 September 2023 6 November 2023 601,802 0.972 585 1 October 2023 to 31 December 2023 27 February 2024 695,489 0.977 679 2,350,563 2,360 ADDITIONAL INFORMATION Overview Sustainability & Governance Leadership Portfolio & Performance Financial Statements and Other Information ANNUAL REPORT 2023 345
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