Jamaica first REIT Share offer opens

Jamaica’s first real estate investment trust (REIT), Carlton Savannah, promises to give shareholders a minimum dividend payout of 6.3 per cent on their investment over the first two years.

In the offer, Carlton Savannah REIT Limited (CSRL),  promises 6.3 % returns per annum over the first 2 years. Them minimun shares is 10000 at @ J$5.91 and additional can be purchased in multiples of 100. Dividend payments will in US dollars or Jamaica dollars.

The investment needed to take up this opportunity is J $59,100.00 .

The Share offer opens on May 19, 2008 and closes on May 30, 2008

Source: Jamaica Observer

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