A-Reit private placement cumulative distribution for period from 1 January 2011 to 10 April 2011

A-Reit private placement cumulative distribution for period from 1 January 2011 to 10 April 2011:

• Press Release

Key Points

• In an announcement dated 31 March 2011 in relation to the private placement of 206,186,000 new units in A-REIT (“New Units”) to institutional and other investors (the “Private Placement”), Ascendas Funds Management (S) Limited, as the manager of A-REIT (the “Manager”), had announced the intention to declare a distribution of A-REIT’s distributable income for the period from 1 January 2011 to 10 April 2011, being the day immediately prior to the date on which the New Units were issued pursuant to the Private Placement (the “Cumulative Distribution”).
• The board of directors of the Manager is pleased to announce a Cumulative Distribution of 3.661 cents, which will be paid on 9 May 2011.
• Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with Units as at 5.00 p.m. on 8 April 2011 will be entitled to the Cumulative Distribution that will be paid on 9 May 2011. 
• For the avoidance of doubt, the New Units issued under the Private Placement will not be entitled to this distribution. 
• The next distribution thereafter will comprise A-REIT’s distributable income for the period from 11 April 2011 to 30 June 2011. Quarterly distribution will resume thereafter.

Related Posts 

• A-Reit Q1 2011 Quarterly Earnings Report
• A-Reit launches private placement of up to 209,425,000 new units 
• Close of private placement of 206,186,000 new units in A-Reit at an issue price of s$1.94 per new unit