Charter Hall Retail REIT - Distribution Reinvestment Plan Issue Price
Charter Hall Retail REIT (ASX:CQR) (the ‘REIT’) today announces that the Distribution Reinvestment Plan (DRP) issue price for the half year ending 30 June 2015 is $4.2221 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 2015 to 23 July 2015 inclusive. The DRP issue price incorporates the 1.0% discount announced on 22 June 2015.
The REIT will raise approximately $12.9 million from the DRP, following a preliminary participation rate of 25%, 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 31 August 2015.
For further information:
|For investor enquiries:
Head of Investor Relations
T: +61 8651 9235
|For media enquiries:
Head of Marketing and Communications
T: +61 8651 9248