About Manulife U.S. REIT
The REIT is backed by three office buildings in Los Angeles and Atlanta with an aggregate net lettable area of about 1.8 million sq ft. It is seeking to raise as much as $470 million. In the prospectus, it is mentioned that the REIT is the first pure-play U.S. office REIT to be listed in Asia. It is poised to benefit from the recovery of the world's largest economy, is an attractive destination for office real estate investment, and the outlook for office real estate sector is favorable.
Indicative Price
USD 0.82-0.83 per unit
Please take into consideration on exchange rate.
Indicative Dividend Yield
6.7%pa for 2016
7.2%pa for 2017
Indicative Timetable
Roadshow : 3 - 11 May 2016
Books close : 11 May 2016
MAS registration and allocation : 12 May 2016
Singapore Public Offer : 12 - 18 May 2016
Expected listing on the SGX-ST : 20 May 2016
How To Subscribe
- WHITE/BLUE Public Offer Units Application From
- ATM of DBS/OCBC/UOB
- Internet Banking Website of DBS/OCBC/UOB
- Mobile banking interface of DBS
An administration fee is payable for each application made through ATM and Internet Banking Websites and mobile banking interface of DBS.
*If you wish to know the detailed steps for applying through the above methods, please check Page G-18 to G-23 of the Prospectus link below.
Points To Take Note
- Only one application for one person in his own name. Multiple applications will be rejected.
- You need to have a CDP account to apply for the IPO.
- Minimum initial subscription is for 1,000 unit. You may subscribe for a larger number of Units in integral multiples of 100.
- This IPO does not apply to your CPF funds.
- Upon application, the full amount is first deducted from your bank account. Thereafter, once the IPO results are out, any unsubscribed amounts will be refunded to your bank account.
Preliminary Prospectus (copy address and paste onto browser)
https://opera.mas.gov.sg/ExtPortal/6ff0c1af-f6c2-4b77-bb31-2b6ae153df6d.publishresource
