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Article 10-2
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A trade of REIT beneficial securities of which settlement is conducted after the date of suspension of changes to entries in the register of beneficial owners for the determination of the record date for the distribution of gains or additional public offering of REIT beneficial securities by the trustee in accordance with the REIT contract, shall be an ex-dividend or ex-rights transaction.
On the commencement date of ex-dividend trading, the price fluctuation limits for those trades shall be calculated based on the previous day's closing price minus the amount of distributed gains.
On the commencement date of ex-rights trading, the price fluctuation limits for those trades shall be calculated by one of the following approaches:
- Where the issuing price of each beneficial unit of the REIT beneficial securities in the trustee’s additional public offering is lower than the closing price of the day preceding the commencement date of the ex-rights trading period, for the calculation of the price fluctuation on the commencement date of ex-rights trading, the amount of increase shall be calculated based on the previous day's closing price, and the amount of decrease shall be calculated based on the previous day's closing price minus the value of rights in the REIT beneficial securities in the additional public offering.
- Where the issuing price of each beneficial unit of the REIT beneficial securities in the trustee’s additional public offering is higher than the closing price of the day preceding the commencement date of the ex-rights trading period, for the calculation of the price fluctuation on the commencement date of ex-rights trading, the amount of increase shall be calculated based on the previous day's closing price minus the value of rights in the REIT beneficial securities in the additional public offering, and the amount of decrease shall be calculated based on the previous day's closing price.
The value of rights in the preceding paragraph is calculated by the TWSE.
When there is no closing price on the day preceding the commencement date of ex-dividend or ex-rights trading, the closing price shall be replaced with the price determined by the principles stipulated in Article 58-3, Paragraph 4, Subparagraph 2 of the TWSE Operating Rules,
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