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Charter Hall Retail REIT - Distribution Reinvestment Plan Issue Price

24/07/2015

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.

<View PDF version of ASX release >

For further information:

David Harrison 
Joint Managing Director 
T: +61 8651 9142
david.harrison@charterhall.com.au

 

David Southon
Joint Managing Director 
T: +61 8651 9143 
david.southon@charterhall.com.au

For investor enquiries: 

Nick Kelly 
Head of Investor Relations 
Charter Hall 
T: +61 8651 9235
nick.kelly@charterhall.com.au
For media enquiries: 

Rachel Mornington-West 
Head of Marketing and Communications 
Charter Hall 
T: +61 8651 9248 
rachel.mornington-west@charterhall.com.au