Mapletree Logistics Trust declares S$0.01461 DPU for advanced distribution

MAPLETREE Logistics Trust (MLT) M44U : M44U 0%on Thursday (Dec 2) said it will distribute S$0.01461 per unit for its advanced distribution for the period Oct 1 to Dec 1.

The distribution is made in connection with a S$700 million private placement and preferential offering priced in November.

The trust on Nov 23 said it is acquiring a portfolio of 17 Grade A logistics assets with an average age of 1.6 years in China, Vietnam and Japan for a combined total value of S$1.4 billion. Some 97.5 per cent or S$675.5 million of the gross proceeds from the private placement and preferential offering will be used to fund these acquisitions.

Unitholders holding MLT units as at 5 pm on Wednesday (Dec 1) will be entitled to the advanced distribution, to be paid out on or around Jan 12, 2022. The trust's manager reiterated that the holders of the new units to be issued via the private placement will not be entitled to the advanced distribution or be eligible to participate in the preferential offering.

The taxable income component of the advanced distribution stands at S$0.00412, tax-exempt income component is at S$0.00648, and the capital component is at S$0.00401.

The next distribution will be MLT's distribution for the period Dec 2 to Dec 31. Quarterly distributions will resume thereafter.

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The new units issued under the private placement will commence trading on Thursday (Dec 2).

Units of MLT closed flat at S$1.87 as at 9.26 am on Thursday.

Read more: 

• Mapletree Logistics Trust prices S$400m perps at 3.725%; redeems 4.18% perps
• Mapletree Logistics Trust posts Q2 DPU up 5.7% to S$0.02173; manager eyes 'substantial' acquisitions
• Mapletree Logistics Trust to acquire facility in South Korea for 135b won