Key Facts and Investor Actions:
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Preferential Offering:
- ESR-LOGOS REIT (E-LOG) has launched a non-renounceable preferential offering of up to 308,196,721 new units.
- Investors are entitled to 4 Preferential Offering Units for every 100 existing units they hold.
- Issue Price: S$0.305 per unit, which is at a premium to the recent trading prices.
- The offering aims to raise gross proceeds of up to approximately S$94.0 million, primarily to fund new acquisitions in Singapore and Japan.
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Important Dates for Investor Actions:
- Preferential Offering Record Date: 5.00 p.m. on 18 October 2024.
- Commencement of Preferential Offering: 23 October 2024 at 9.00 a.m.
- Closing Date for Accepting Preferential Offering Units: 1 November 2024 at 5.30 p.m. (or 9.30 p.m. for electronic applications).
- Expected Date for Crediting of Units: 11 November 2024.
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Advanced Distribution:
- Investors will receive an advanced distribution for the period from 1 July 2024 to the day before the issuance of Preferential Offering Units.
- Estimated Distribution: Between 0.686 to 0.758 Singapore cents per unit.
- Record Date: 8 November 2024.
- Payment Date: 8 January 2025.
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Taxation:
- Part of the distribution will be tax-exempt, while certain portions may have tax deducted depending on investor status. Investors need to submit relevant tax forms if applicable.
Special Notes for Investors:
- Investors should take note that the units issued through the Preferential Offering will not be eligible for the advanced distribution.
- Investors must complete their applications for the Preferential Offering and any Excess Preferential Offering Units within the specified time frame to avoid losing their entitlement.
Price Information:
- Issue Price: S$0.305 per Preferential Offering Unit.
- Investors should carefully consider their allocation and whether to apply for Excess Units if they wish to maximize their investment opportunities.
