Mapletree Logistics Trust Management Ltd (MLTML), the manager as manager of Mapletree Logistics Trust said on March 16 that it has no plans for any equity fund raising exercise.

MLTML also clarified that MapletreeLog is not the subject of the various media articles over the weekend which reported on Mapletree Industrial Trust (MIT), a private trust which owns a portfolio of ex-JTC factories and is managed by a different management team from MLTML. The articles had reported on MIT saying it could not afford to give its tenants the rental rebates they wanted.

MapletreeLog is a Real Estate Investment Trust listed on Singapore Exchange with a pan-Asia portfolio of warehousing and logistics facilities.

‘The manager also wishes to reiterate that as per MapletreeLog’s distribution policy stated in the prospectus dated 18 July 2005, it will distribute at least 90 per cent of its taxable income to unitholders. MapletreeLog’s distribution policy remains unchanged,’ MLTML added.