REIT Financial News - Cambridge reduces stake in MacArthurCook Reit

MACARTHURCOOK INDUSTRIAL REIT - NOTICE OF CESSATION OF SUBSTANTIAL SHAREHOLDING by Cambridge Industrial Trust Management Limited.


Date & Time of Broadcast: 30-Nov-2009 17:09:49
Date of change of Interest:     24-11-2009 
The change in the percentage level:    From 9.76 % To 2.73 %

CIT bought 26 million MI-Reit shares at an average of about 40 cents each early last month following news that MI-Reit was issuing new shares at a steep discount to market price and net asset value. Following this reduction of stake, CIT is now left with 13.3 million units or 2.73 per cent of total holdings, from 9.76 per cent previously. The sales of about 12.7 million units were at an undisclosed price.