Singapore-listed REITs Mapletree Industrial Trust (SGX:ME8U) and Mapletree Commercial Trust (SGX:N2IU) announced on 3 December that they will issue a total of more than 19 million new units with respect to each REIT’s distribution reinvestment plans.
MIT will issue 15,891,813 new units at an issue price of SGD1.3876 per in respect of the REIT’s distribution for the quarter spamming 1 July 2014 to 30 September 2014. Following the issuance of the new units, the total number of MIT units in issue has increased from 1,716,406,768 to 1,732,298,581.
Meanwhile MCT has said that it will issue 3,906,319 new units in the REIT at an issue price of SGD1.4049 per new unit in pursuant to its distribution for the same quarter. Following the issue, the total number of MCT Units in issue has increased from 2,099,877,048 to 2,103,783,367.
All new units will commence trading on the Singapore Exchange on 4 December.