American financial services firm, MBC Investments Corporation, has its stake in Singapore-listed Mapletree Logistics Trust (MLT)(SGX:M44U) reduced from 6 per cent to 5.9 per cent as a result of a dividend reinvestment exercise. The deemed percentage interest of MBC Investments Corporation decreased as a result of an increase in the units outstanding.
|MBC Investment Corporation's stake in MLT dipped below 6 per cent as a result of the dividend reinvestment exercise.
According to a disclosure made by the manager of MLT, no other direct or deemed entities crossed a reportable threshold as a result of this increase in units. Coincidentally, there was a decrease of 1,000 units held by one of the direct holders. MBC Investments outstanding units in MLT stands at 154,750,577.