OUE REIT issues 7.1 million units as base fee payment
The units were issued under the trust deed constituting OUE REIT in 2013.
OUE Real Estate Investment Trust (OUE REIT) has issued 7.1 million units for $0.2779 apiece as base fee payment, according to a bourse filing.
The units were issued under the trust deed constituting OUE REIT in 2013 as payment for 50% of the base fee for the period from 1 October 2024 to 31 December 2024.
It will be issued directly to OUE Limited as OUE REIT Management acting as manager of OUE REIT has entered into an arrangement to sell all shares to OUE.
Currently, REIT Management has no unitholding in OUE REIT and the total number of units in issue is 5.5 billion.