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

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.

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


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

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