MacarthurCook Investment Managers (Asia) Limited (“MCKIM”), as manager of MacarthurCook Industrial REIT (“MI-REIT”), is pleased to announce that it has today submitted to Singapore Exchange Securities Trading Limited (the “SGX-ST”) an additional listing application in relation to new units of MI-REIT (the “New Units”) to be issued under a proposed equity fund raising by MI-REIT (the “Equity Fund Raising”), together with a draft circular to unitholders of MI-REIT (“Unitholders”) for the purpose of seeking Unitholders’ approval for the Equity Fund Raising (the “Unitholders’ Circular”).

The Manager intends to carry out the Equity Fund Raising in order to part finance the acquisition of certain properties which the Manager is in the process of sourcing as well as to part refinance certain loan facilities drawn down for the purpose of the acquisition of certain properties, with the balance of the proceeds to be utilised for refinancing MI-REIT’s other existing debt obligations and for other general corporate and working capital purposes.

The terms of the Equity Fund Raising, including the manner in which it will be carried out, are in the process of being finalised by the Manager and will be set out in the Unitholders’ Circular. The issue of the Unitholders’ Circular is subject to the approval of the SGX-ST for the Equity Fund Raising. The Manager will announce the receipt of the approval of the SGX-ST for the Equity Fund Raising once this has been received. The Equity Fund Raising is subject to the finalisation of the terms of the Equity Fund Raising as well as market conditions.