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Manulife US Reit to raise US$197.2m from 22-for-100 preferential offering

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About US$191.1 million or 96.9 per cent of the gross proceeds will be used to partially fund the proposed acquisitions of Phipps Tower located at 3438 Peachtree Road, Atlanta, Georgia.

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The office building located at 1750 Pennsylvania Avenue NW, Washington DC.

Singapore

SINGAPORE-listed Manulife US Reit has announced a preferential offering of 22 new units for every 100 held at US$0.865 per unit to raise some US$197.2 million.

The issue price of US$0.865 represents a 7.9 per cent discount to the volume-weighted average price of US$0.9391

sentifi.com

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