Existing unitholders will be eligible to an advanced distribution of between 1.7 cents to 1.9 cents per unit for the period between April 1 and May 30. The record date to be entitled to the advanced distribution and the eligibility to participate in the preferential offering is at 5pm on June 9.
AIMS APAC REIT (AA REIT) (SGX:O5RU
) is seeking to raise around $100.0 million through a private placement and preferential offering.
The REIT is looking to place between 56.04 million and 57.66 million units at an issue price of between $1.214 and $1.249 apiece to raise proceeds of $70 million. The non-renounceable preferential offering will raise another $30 million through the issuance of up to 25.38 million new units to existing eligible unitholders at between $1.189 and $1.224 per new unit.
