Axis Reit
Number of unit on 2007 = 205 million units
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(iii) proposed placement of up to 120,000,000 new units (“Placement Units”), representing approximately 46.9% of the existing units in Axis-REIT in circulation at a price to be determined later (“Proposed Placement”);
(iv) proposed increase in the existing approved fund size of Axis-REIT of 255,901,000 units to a maximum of 375,901,000 units (“Proposed Increase In Fund Size”).The Proposed Reclassification, Proposed Amendments, Proposed Placement and Proposed Increase In Fund Size are collectively known as “Proposals”.
The details of the Proposals are set out in the ensuing sections.
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My concern is :
1. This will diluted the DPS of Axis Reits.
2. How much is the issue price? If lower then market price then that means it will drop further right? How about if the issue price is higher? Need some expert to explain.
REIT, real estate investment...
Oct 29 2008, 08:14 AM
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