Mapletree Industrial Trust resumes distribution reinvestment

Singapore

MAPLETREE Industrial Trust's distribution reinvestment plan (DRP) will resume and apply to its distribution per unit (DPU) for its second quarter ended Sept 30.

This means unitholders can choose to receive their distributions declared in the form of units or cash or a combination of both, so they can buy new units without incurring additional transaction related costs.

"The issue of units in lieu of cash distributions under the DRP will strengthen MIT's balance sheet, help finance the progressive funding needs of the develop…