BURSA ANNOUNCEMENTS


 

Date : 09 February 2011

MULTIPLE PROPOSALS

AXIS REAL ESTATE INVESTMENT TRUST

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionAXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT” OR “FUND”)

(I) PROPOSED AUTHORITY TO ALLOT AND ISSUE UP TO 75,180,200 NEW UNITS IN AXIS-REIT (“UNITS”), REPRESENTING UP TO 20% OF THE EXISTING APPROVED FUND SIZE OF AXIS-REIT OF 375,901,000 UNITS; AND

(II) PROPOSED RECURRENT AND OPTIONAL INCOME DISTRIBUTION REINVESTMENT PLAN THAT ALLOWS UNITHOLDERS OF AXIS-REIT TO REINVEST THEIR INCOME DISTRIBUTION IN NEW UNITS

On behalf of the Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT ("Manager"), Maybank Investment Bank Berhad wishes to announce that the Manager proposes to undertake the abovementioned proposals.

Please refer to the attachment for further details on the abovementioned proposals.


This announcement is dated 9 February 2011.



Announcement Info

Company NameAXIS REAL ESTATE INVESTMENT TRUST  
Stock Name AXREIT    
Date Announced9 Feb 2011  
CategoryGeneral Announcement
Reference NoMI-110209-40459

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