Your dividends are automatically reinvested by default. Based on Syfe's calculations, reinvested dividends can generate an extra 0.5% in returns for you over time.
Customers on the Syfe Black, Gold or Platinum plans may choose to receive their dividends as quarterly payouts to their designated bank account, or have them automatically reinvested.
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.
How are dividends reinvested?
Dividends received are first accumulated in the small cash buffer we maintain for 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.
Are dividends from the REIT+ portfolio subject to withholding tax?
No. Individuals and resident corporations are not subject to Singapore withholding tax on Singapore REITs or bonds as per Inland Revenue Authority of Singapore (IRAS) guidelines. Should any tax be withheld, Syfe will reimburse customers the entire amount.