HSBC Institutional Trust Services (Singapore) Limited, acting as trustee of Alpha Integrated Real Estate Investment Trust (AI-REIT), issued an update on Apr, 17 2026 stating that it considers ordinary Resolution 6 for the upcoming annual general meeting (AGM) on Apr, 21 2026 to be invalid.

The proposal seeks to compel the trustee to hand over to Alpha Integrated REIT Management Pte. Ltd. all documents and records tied to legal, financial and other professional services engaged during the 2023–2025 internalisation of the REIT’s manager.

The trustee said the requested review of historical expenditures lies outside the manager’s powers under the trust deed and that a significant portion of the records is protected by legal privilege. If unitholders pass the motion, the trustee plans to explore options including an application to the Singapore Court for directions, with any related costs chargeable to the REIT’s assets.

The trustee reiterated that professional-service costs linked to the internalisation totalled about 13.06 million Singapore dollars between Jun, 01 2023 and Dec, 31 2025, and that these outlays were disclosed previously to investors.