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MCT's Q2 distributable income up 25% on acquisition; DPU inches up

Singapore

MAPLETREE Commercial Trust (MCT), which owns the mall VivoCity, on Wednesday posted a 1.5 per cent increase in distribution per unit (DPU) on an enlarged unit base from a placement funding an acquisition that boosted its earnings.

It posted a distribution per unit (DPU) of 2.05 Singapore cents for the second quarter ended Sept 30, 2016.

This includes an advance distribution of 0.74 cent paid out on Aug 29, 2016. The advance distribution was related to the private placement to raise S$529 million...

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