Business Times - 30 Nov 2009 CIT cuts stake in MI-Reit
By ANGELA TAN
Cambridge Industrial Trust has cut its stake in MacarthurCook Industrial REIT (MI-Reit) a week after it failed to block a recapitalisation plan which it said destroyed unitholders value.
According to SGX filings by RBC Dexia Trust Services Singapore Ltd in its capacity as trustee of CIT, CIT's stake is now at 2.73 per cent, compared to 9.76 per cent previously. This follows a series of 'sales in open market & issue of new units'.
On November 24, 2009, MI-Reit issued 78.57 million units and 142.86 million units to AMP Capital Investors (Luxembourg) No. 4 S.a.r.l. and the Cornerstone investors, respectively.
Following the issue of the placement units, the total number of units in issue is 487.81 million.
NOTICE OF CESSATION OF SUBSTANTIAL SHAREHOLDING
30-Nov-2009 17:17:09
http://info.sgx.com/webcorannc.nsf/AnnouncementToday/180ABBAC826D47DB4825767E0033008A?opendocument
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