By default, REIT+ portfolio dividends are automatically reinvested. However, customers who maintain a invested amount or portfolio's current value (net asset value) of at least S$5,000 have the added option to receive their dividends as quarterly payouts to their designated bank account. 

Once the investment requirement is met, the payout option is available in the portfolio settings, so eligible customers can take the decision as they see fit. 

Specifically: 

• In the event that your REIT+ portfolio value drops below S$5,000, but you haven't made any withdrawal and hence the portfolio's invested amount is still at least S$5,000, the option to receive quarterly dividend payouts to your bank account remains available. 
• Inversely, if your invested amount falls below S$5,000, but your portfolio value remains at least S$5,000, the bank payout option is also available.
• Note that as portfolio value can fluctuate due to market movements, it can drop below S$5,000 and as a result, the bank payout option is automatically disabled only if the invested amount is also below S$5,000. When this happens, you can top up to fulfil the invested amount of S$5,000 to maintain your quarterly payouts. 

When are dividends received?

Dividends are received in your REIT+ portfolio as and when the underlying REITs distribute them. This depends on the dividend distribution schedule of the various REITs. In Singapore, REITs can choose to distribute dividends on a semi-annual or quarterly basis.

You may refer to this link for more information regarding the underlying REITs historical dividend yield and general dividend distribution schedule. 

How are dividends reinvested?

Dividends received are first accumulated in the small cash balance we maintain in your portfolio. When accumulated dividends (along with any new cash inflows) reach an economically viable investment level, our cash management algorithm will trigger the purchase of additional REITs. The new REITs purchased with your dividends are in proportion to the index weights of the iEdge S-REIT Leaders Index.

When will dividends be paid out to eligible customers? Must I inform Syfe of the bank account I want my dividends to be credited to? 

Eligible customers will receive their payouts quarterly in January, April, July and October. Shortly before dividends are to be credited, Syfe will email customers to obtain details of their bank account if they are not yet provided previously.

Are dividends from the REIT+ portfolio subject to withholding tax?

Distributions by REITs to individuals and Singapore-incorporated tax resident companies are generally not subject to withholding tax. For individuals who derive the distributions from the carrying on of a trade, business or profession or from a partnership in Singapore and other legal persons in Singapore (such as resident companies in Singapore), such gross distributions may be subject to income tax. Please consult your tax advisers.