Mapletree Logistics Trust (MLT)(SGX:M44U) has announced the issuance of 4,336,928 new units at an issue price of S$1.133. The issues are for eligible unit holders of MLT who have elected to participate in the Distribution Reinvestment Plan (DRP) in respect of MLT’s distribution for the three months ended 31 December 2012 (3Q FY12/13).

Mapletree Logistics Trust
New units issued for investors on DRP brings total units issued by Mapletree Logistics Trust to 2,431,809,455

The new Units will commence trading on the Main Board of Singapore Exchange at 9.00 a.m. on 1 March 2013 and will rank pari passu in all respects with the existing units. Following the issue of the new units, the number of issued units has increased from 2,427,472,527 to 2,431,809,455.

Eligible unit holders who did not elect or who partially elected to participate in the DRP, as well as overseas unit holders who did not provide registered mailing addresses in Singapore to CDP, shall be paid their respective entitlements to the 3Q FY12/13 Distribution in cash today.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.