Singapore-listed Industrial REIT Mapletree Industrial Trust (MIT)(SGX:ME8U) has issued 11,074,385 new units in MIT at an issue price of S$1.3721 per unit pursuant to MIT’s distribution reinvestment plan (DRP).

This is in respect of MIT’s distribution for the three months ended 31 December 2012 (3QFY12/13). The new units will commence trading at 9.00 a.m. on 6 March 2013. The new units will rank pari passu in all respects with the existing units.

11 Million new units issued in respect to MIT's distribution for 3QFY12/13

Following the issuance of the new units, the total number of MIT units in issue has increased from 1,630,407,186 to 1,641,481,571. Eligible unit holders of MIT who did not elect to participate in the DRP will receive their respective entitlements to the 3QFY12/13 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.