The manager of Mapletree Industrial Trust (MINT) has announced that pursuant to its equity fund raising for its acquisition of 29 data centres in the US, the REIT will open the preferential offering of 117.6 million new units at an issue price of $2.64 per unit on June 3 at 9am.
See: Mapletree Industrial Trust seeks to raise $800 mil via private placement and preferential offering
The non-renounceable preferential offering will be on the basis of five new units for every 100 existing units held by eligible shareholders as of May 31.
The holders of the new units issued pursuant to the REIT’s earlier private placement will not be entitled to the Advanced Distribution and will not be eligible to participate in the preferential offering.
See: Mapletree Industrial Trust closes $513 mil private placement, sets preferential offering issue price at $2.64
The preferential offering will close on June 11 at 5pm. If applicable, applications for excess new units will be closed on the same day at 9.30pm.
The trading of the new units is expected to commence on June 21.
Units in MINT closed 1 cent or 0.36% lower at $2.77 on June 2.
