Lendlease Global Commercial REIT (SGX:JYEU) will issue 9,376,132 new units at an issue price of SG$0.4968, according to a filing with the Singapore Exchange on Thursday.
The new units will be issued pursuant to the distribution reinvestment plan for the distribution of SG$0.017951 per unit from July 1, 2024, to Dec. 31, 2024.
Trading in the new units commenced on March 28.
Shares of the REIT were up nearly 2% in recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.