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Photo from Manulife US REIT.

Manulife US REIT financial advisor for strategic review named

Citigroup Global Markets Singapore will assist the strategic working group.

Citigroup Global Markets Singapore has been appointed as the financial advisor of Manulife US Real Estate Investment Trust (Manulife US REIT).

In a statement, Manulife US Real Estate Management, the manager of the REIT, said Citigroup will be assisting the strategic working group composed of senior members of the Manager and its board tasked to study options available to the REIT to improve unitholder value.

The company added that there is no assurance that Manulife US REIT will implement the option identified under the review, whilst the Manager will make further announcements if there are any material developments that need warrant disclosure.

READ MORE: Manulife US REIT’s occupancy drops to 88.1% in Q3

“Unitholders are reminded to exercise caution when dealing in the units of Manulife US REIT and to refrain from taking any action in respect of their investments which may be prejudicial to their interests,” the Manager said.

The Manager advised unitholders to seek their own professional advisers if they want to deal with units of the REIT and if they area in doubt about the action they would plan to take.

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