Mapletree Industrial Trust (MIT) will be issuing 2,172,035 new units in the REIT.

The new units will be issued at SGD2.0193 each, pursuant to the REIT’s distribution reinvestment plan (DRP).

This issue will be in respect to the distribution of 1.37 Singapore cents that was announced for MIT’s 4Q FY2018/19.

The new units will be credited into the securities accounts of MIT unitholders who have elected to participate in the DRP, by 10 June 2019.

These units will commence trading on the Singapore Exchange (SGX) on the same day.

Following the issuance of the new units, the total number of MIT units in issue will increase from 2,021,418,096 to 2,023,590,131.

MIT was last done on the SGX at SGD2.14.