Hotel Sunroute Osaka Namba (Photo: Ascendas Hospitality Trust)Hotel Sunroute Osaka Namba (Photo: Ascendas Hospitality Trust)

Singapore-listed Ascendas Hospitality Trust announced on 16 May that it has issued 1,271,987 new units in the stapled security at an issue price of SGD0.7548 per unit.

The units were issued as partial payment of management fees for the period of 1 January 2016 to 31 March 2016. Of these units, 467,570 were issued to Ascendas Hospitality Trust’s REIT component’s manager while 804,417 units were issued to its trustee-manager.

With the issue of these units, the REIT’s manager now holds an aggregate of 5,521,319 units of Ascendas Hospitality Trust while the trustee-manager holds an aggregate of 12,023,144 units in the stapled security.

The total number Ascendas Hospitality Trust units in issue is now 1,120,414,088.

Units of Ascendas Hospitality Trust finished about 0.7% lower from its previous close on the Singapore Exchange to end at SGD0.695.

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.