Mapletree Commercial Trust property, ARC, in Singapore (Photo: REITsWeek)Mapletree Commercial Trust property, ARC, in Singapore (Photo: REITsWeek)

Singapore-listed office and retail REIT Mapletree Commercial Trust (MCT) (SGX:N2IU) has issued 7,694,516 new units at an issue price of SGD1.24 each.

The new units were issued to existing unit holders who have opted to receive new units instead of cash under the distribution reinvestment plan with respect to MCT’s distribution for 4Q FY2013/14.

The new units will be credited by 6 June 2014 to securities accounts of MCT unitholders and commence trading on the Singapore Exchange’s (SGX’s) main board at 9 a.m. on the same day. The new units will rank pari passu in all respects with the existing units of MCT.

Following the issue of the new units, the total number of MCT units listed has increased from
2,084,690,087 to 2,092,384,603.

MCT closed the trading day 0.78% higher to end at SGD1.29 on the SGX.

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.