Mapletree North Asia Commercial Trust (MNACT) has priced its distribution reinvestment plan (DRP) units for the period spanning 28 February 2020 to 31 March 2020 at SGD0.8752 each.
The issue price represents a 1.5% discount to the adjusted volume-weighted average traded price (VWAP) for trades on the Singapore Exchange for the ten days ending 11 May 2020.
MNACT has announced a distribution of 0.496 cents per unit for the period spanning 28 February 2020 to 31 March 2020.
The notice of election is expected to be despatched to all eligible unitholders on or around 18 May.
The distribution for the period will be paid on 24 June 2020.