On April 21, CICT announced it had upsized the private placement, raising $750 million. The new units were priced at $2.30 apiece and will start trading on April 29.
Based on CapitaLand Integrated Commercial Trust’s (CICT) advanced distributions announced on April 20, its distributions per unit (DPU) for FY2026 ending Dec 31 is likely to be 4% higher y-o-y compared to the 11.58 cents it paid out in FY2025.
The advanced distributions were announced in anticipation of a private placement to raise at least $600 million to partially fund its proposed acquisition of Paragon, which was announced earlier that day.
