CQR Distribution Reinvestment Plan Issue Price
Charter Hall Retail REIT (ASX:CQR) (the ‘REIT’) today announces the Distribution Reinvestment Plan (DRP) issue price for the half year ending 30 June 2014 is $3.8819 per ordinary unit, based on the average of the daily volume weighted average market price of REIT units traded on the ASX over the 15 business days from 3 July 2014 to 23 July 2014 inclusive. The DRP issue price incorporates the 1.0% discount announced on 23 June 2014.
The REIT will raise approximately $9.5 million from the DRP, following a preliminary participation rate of 19%, with the proceeds being applied to the REIT’s redevelopment pipeline. The DRP units will be issued on the distribution payment date, being on or about 29 August 2014.
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