Singapore-listed office and retail REIT Mapletree Commercial Trust (MLT) (SGX:N2IU) announced on 4 March that it will be issuing 6,501,922 new units at an issue price of S$1.46

The new units are issued in pursuant to MCT’s distribution reinvestment plan (DRP) in respect of the REIT’s distribution for the three months ended 31 December 2014.

The new units will be credited by 5 March 2015 to securities accounts of MCT unitholders who have elected to participate in the DRP. The new units will commence trading on the Singapore Exchange on the same day at 0900 hours.

Following the issue of the new units in the REIT, the total number of MCT units has increased from 2,105,445,544 to 2,111,947,466.

Units of MCT last changed hands on the Singapore exchange at SGD1.56.

Mapletree Commercial Trust
Mapletree Commercial Trust property, ARC, Singapore

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.