Guiding You On REITs

S-REITs - Week 52 - 2023

Written by REITsavvy Team | Dec 31, 2023 2:00:00 AM

Announcement by Manulife US REIT, Lippo Malls Indonesia Retail Trust, First REIT

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S-REITs Recap - Week 52

25 Dec - 31 Dec 2023

Manulife US REIT

( YTD: -74.33% )

QUALIFIED NOTICE ON NON-APPLICABILITY OF US WITHHOLDING TAX UNDER SECTION 1446(f) OF UNITED STATES INTERNAL REVENUE CODE

Manulife US REIT has provided a Qualified Notice effective 31 December 2023, indicating that it is not engaged in a US trade or business and that no withholding is required.

The Qualified Notice will be valid for a 92-day period and a new Qualified Notice will be issued quarterly.

For further information, please click here

Lippo Malls Indonesia Retail Trust
( YTD: -43.33%)

Bond Due 2024, 2026 - Tender Offer Results 

As of the Extended Expiration Time, pursuant to the Offers to Purchase:

(a) a total of US$43,510,000 in principal amount of the 2024 Notes, representing approximately 18.77% of the total outstanding principal amount of the 2024 Notes had been validly tendered (and not withdrawn); and

(b) a total of US$38,545,000 in principal amount of the 2026 Notes, representing approximately 21.21% of the total outstanding principal amount of the 2026 Notes had been validly tendered (and not withdrawn).

For further information, please click here

First REIT
( YTD: +1.92% )

Renewed Master Lease Agreement For Imperial Aryaduta Hotel & Country Club

This is a 1 year lease which will start from Jan. 1, 2024 and will end on Dec. 31, 2024.

Rent will be about $21,146,360,104 Indonesian Rupiah for the whole lease term and will be paid quarterly in advance.

For further information, please click here

Singapore REITs Outlook: What's ahead for 2024

 

Limited seats available, so be sure to register early and commence your 2024 REITs journey on a positive note!

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