REIT Financial News - 9 JUN 2010: Issue of 34,500,362 new units in Suntec Reit

ISSUE OF 34,500,362 NEW UNITS IN SUNTEC REAL ESTATE INVESTMENT
TRUST. See report.

Key Points

• the Manager has today (9 June 2010) issued 34,500,362 units in Suntec REIT (the "New Units") to Suntec City Development Pte. Ltd.
• this is the fifth of six instalments of deferred units in Suntec REIT in part satisfaction of the purchase consideration for Suntec REIT’s initial portfolio of properties in its initial public offering.
• the New Units will be traded under a separate temporary stock counter which will be maintained for the period commencing from today to the last day of "cum-distribution" trading for the current distribution period, which is expected to be in late July 2010.

Author's Note
I have written an article about this deferred units for Suntec Reit:
About a Reit - SUNTEC Reit and its deferred units