Circular/Notice to Shareholders
| AXIS REAL ESTATE INVESTMENT TRUST |
| Subject | AXIS REAL ESTATE INVESTMENT TRUST (I) PROPOSED AUTHORITY TO ALLOT AND ISSUE UP TO 75,180,200 NEW UNITS IN AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) (“UNITS”), REPRESENTING UP TO 20% OF THE EXISTING APPROVED FUND SIZE OF AXIS-REIT OF 375,901,000 UNITS PURSUANT TO CLAUSE 14.03 OF THE GUIDELINES ON REAL ESTATE INVESTMENT TRUSTS ISSUED BY THE SECURITIES COMMISSION ON 21 AUGUST 2008 (“PROPOSED AUTHORITY 1”); (II) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF AXIS-REIT FROM 375,901,000 UNITS TO A MAXIMUM OF 451,081,200 UNITS PURSUANT TO THE PROPOSED AUTHORITY 1 (“PROPOSED INCREASE IN FUND SIZE 1”); (III) PROPOSED RECURRENT AND OPTIONAL INCOME DISTRIBUTION REINVESTMENT PLAN THAT ALLOWS UNITHOLDERS OF AXIS-REIT TO REINVEST THEIR INCOME DISTRIBUTION IN NEW UNITS (“PROPOSED INCOME DISTRIBUTION REINVESTMENT PLAN”); (IV) PROPOSED AUTHORITY TO ALLOT AND ISSUE SUCH NUMBER OF NEW UNITS IN AGGREGATE UP TO 20% OF THE APPROVED FUND SIZE OF AXIS-REIT AS ENLARGED BY THE IMPLEMENTATION OF THE PROPOSED AUTHORITY 1 AND CORRESPONDING PROPOSED INCREASE IN FUND SIZE 1 OR UP TO 20% OF THE EXISTING APPROVED FUND SIZE OF AXIS-REIT IF THE PROPOSED AUTHORITY 1 AND CORRESPONDING PROPOSED INCREASE IN FUND SIZE 1 ARE NOT IMPLEMENTED (AS THE CASE MAY BE), FOR THE PURPOSE OF THE PROPOSED INCOME DISTRIBUTION REINVESTMENT PLAN (“PROPOSED AUTHORITY 2”); (V) PROPOSED INCREASE IN THE APPROVED FUND SIZE OF AXIS-REIT AS ENLARGED BY THE IMPLEMENTATION OF THE PROPOSED AUTHORITY 1 AND CORRESPONDING PROPOSED INCREASE IN FUND SIZE 1, OR THE EXISTING APPROVED FUND SIZE OF AXIS-REIT IF THE PROPOSED AUTHORITY 1 AND CORRESPONDING PROPOSED INCREASE IN FUND SIZE 1 ARE NOT IMPLEMENTED (AS THE CASE MAY BE) BY SUCH NUMBER OF NEW UNITS PERMITTED TO BE ALLOTED AND ISSUED PURSUANT TO THE PROPOSED AUTHORITY 2; AND (VI) PROPOSED AMENDMENTS TO THE DEED DATED 3 APRIL 2009 CONSTITUTING AXIS-REIT |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 11 Jul 2011 |
| Category | PDF Submission |
| Reference No | MI-110708-71294 |
