Parkway Life REIT Announces Advanced Distribution Amid Private Placement

Parkway Life Real Estate Investment Trust (PLife REIT), constituted in the Republic of Singapore, has announced an actual advanced distribution of 5.00 cents per unit for the period from 1 July 2024 to 31 October 2024. This announcement comes as the REIT issues new units pursuant to a private placement.

Key Points of the Report

• The advanced distribution comprises three components:
  • Taxable income distribution of 3.44 Singapore cents
  • Tax-exempt income distribution of 0.80 Singapore cents
  • Capital distribution of 0.76 Singapore cents
• Unitholders with securities accounts credited with units as of 5.00 p.m. on the Advanced Distribution Record Date will be entitled to the distribution.
• Distribution payment is scheduled for Tuesday, 26 November 2024.
• The next distribution following the advanced one will cover the period from 1 November 2024 to 31 December 2024, with semi-annual distributions resuming thereafter.

Important Information for Shareholders

It’s crucial for shareholders to note that the holders of the new units issued through the private placement will not be entitled to the advanced distribution. This could potentially affect the share value and trading decisions.

Forward-Looking Statements and Risks

This announcement also entails forward-looking statements that involve several risks and uncertainties, such as general industry conditions, economic conditions, interest rate trends, and competition. These factors could significantly impact future performance, outcomes, and results.

Investors are cautioned against placing undue reliance on these forward-looking statements. The value of units and the income derived from them can fluctuate, and there is no guarantee of a liquid market for the units. Additionally, investments in units are subject to investment risks, including potential loss of the principal amount invested.

Regulatory Notices

This announcement is not for distribution in or into the United States, European Economic Area, the United Kingdom, Canada, Japan, or Australia. The securities referred to have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States except pursuant to an applicable exemption.

The announcement has not been reviewed by the Monetary Authority of Singapore. New units are prescribed capital markets products and excluded investment products as defined under Singapore regulations.

Disclaimer: This article is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. It includes forward-looking statements that may differ materially from actual future performance. Investors should exercise caution and not place undue reliance on these statements.