Mapletree Industrial Trust : Issue Price of New Units Pursuant to the Distribution Reinvestment Plan for the Balance 4QFY18/19 Distribution
April 30, 2019 at 12:18 pm EDT
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(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 29 January 2008 (as amended))
ANNOUNCEMENT
ISSUE PRICE OF NEW UNITS PURSUANT TO THE DISTRIBUTION REINVESTMENT PLAN FOR THE BALANCE 4QFY18/19 DISTRIBUTION
30 April 2019 - Further to the announcement dated 22 April 2019 by Mapletree Industrial Trust Management Ltd., as manager (the "Manager") of Mapletree Industrial Trust ("MIT"), in relation to the application of a distribution reinvestment plan ("DRP") to the distribution of 1.37 Singapore cents per unit in MIT ("Unit") for the period from 20 February 2019 to 31 March 2019 ("Balance 4QFY18/19 Distribution"), the Manager wishes to announce that the issue price of the new Units in MIT under the DRP is S$2.0193 per Unit.
The issue price represents approximately 2% discount1 to the adjusted volume-weighted average traded price2 per Unit ("adjusted VWAP") for all trades on Singapore Exchange Securities Trading Limited (the "SGX-ST") for each of the Market Days3 during the period of 10 Market Days prior to and ending on the book closure date ("BCD") on 30 April 2019.
The Notice of Election is expected to be despatched to all Eligible Unitholders4 on or around 7 May 2019. The Manager will announce further details about the despatch of DRP documents in due course.
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The issue price represents approximately a 2.5% discount to the volume-weighted average traded price per Unit for all trades on the SGX-ST during the period of 10 Market Days prior to and ending on the BCD.
The adjusted VWAP is computed based on the volume weighted average traded price per Unit of all trades on the SGX-ST for each of the Market Days during the period of 10 Market Days prior to and ending on the BCD and subtracting the Balance 4QFY18/19 Distribution for each of the Market Days prior to the first day of "ex- distribution" trading.
"Market Day" means a day on which the SGX-ST is open for trading in securities.
"Eligible Unitholders" means persons registered as unitholders of MIT in the Depository Register as at 5.00pm on the BCD of 30 April 2019 and with Singapore registered addresses.
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By order of the Board Wan Kwong Weng Joint Company Secretary
Mapletree Industrial Trust Management Ltd. (Company Registration No. 201015667D) As Manager of Mapletree Industrial Trust
Important Notice
The value of Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.
Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders of MIT may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.
The past performance of MIT is not necessarily indicative of the future performance of MIT.
Mapletree Industrial Trust published this content on 01 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 April 2019 16:17:11 UTC
Mapletree Industrial Trust is a Singapore-based real estate investment trust. The principal activity of the Company and its subsidiaries is to invest in income-producing real estate used primarily for industrial purposes in Singapore and as data centers worldwide beyond Singapore, as well as real estate-related assets, with the primary objective of achieving sustainable returns from rental income and long-term capital growth. Its segments include Data Centers, Hi-Tech Buildings, Business Park Buildings, Flatted Factories, Stack-up/Ramp-up Buildings, and Light Industrial Buildings. Its portfolio comprises 56 properties in North America, 83 properties in Singapore, and one property in Japan. Its properties include 7 Tai Seng Drive, 1 & 1A Depot Close, 30A Kallang Place, 2A Changi North Street 2, 6 Norden Place, Norwalk, 180 Peachtree Street NW, Atlanta, 400 Minuteman Road, Andover, Kaki Bukit, Kampong Ampat, and others. Mapletree Industrial Trust Management Ltd. is the Company's manager.