Reference is made to the announcements dated 27 October 2023, 8 November 2023, 10 November 2023, 22 November 2023 and 23 November 2023 in relation to the IDRP applicable to the 2023 Third Interim Income Distribution, that allows unitholders of Axis Real Estate Investment Trust ("Axis-REIT") to reinvest their income distribution into new units in Axis-REIT.
The Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, is pleased to announce that based on the valid Income Distribution Reinvestment Forms received by Axis-REIT's registrars, Boardroom Share Registrars Sdn Bhd, Axis-REIT will be required to issue 6,438,121 new units in Axis-REIT ("New Units") pursuant to the IDRP in respect of the 2023 Third Interim Income Distribution. The New Units represent approximately 67% of 9,631,262 (net of withholding tax) being the total number of new units that would have been issued pursuant to the IDRP, had all the entitled unitholders of Axis-REIT elected to reinvest their respective electable portion under the IDRP into new units.
This announcement is dated 12 December 2023.
