MULTIPLE PROPOSALS
AXIS REAL ESTATE INVESTMENT TRUST |
Type | Announcement |
Subject | MULTIPLE PROPOSALS |
Description | AXIS 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. |
Announcement Info
Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
Stock Name | AXREIT |
Date Announced | 9 Feb 2011 |
Category | General Announcement |
Reference No | MI-110209-40459 |