Manulife US REIT spells out measures to bolster unit price

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Manulife US REIT has spelled out measures that its manager and sponsor are willing to take, should its unit price falters further.

The REIT, which has seen its unit price fall by close to 50% since early-March 2020, has largely blamed margin calls by private banks, and mass selling by funds for the recent rout.

Manulife US REIT holds a portfolio of nine, freehold Trophy Class and Grade A Office properties in California, Atlanta, New Jersey, Washington DC, and Virginia.

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