ING Medical Properties Trust PR
ING Medical Properties Trust – Distribution Reinvestment Plan
The Manager of ING Medical Properties Trust, ING Medical Properties Limited today announced details of the Trust’s Distribution Reinvestment Plan (“DRP”).
The DRP allows unitholders to elect to have fully paid units issued to them in lieu of all, or a specified part, of any cash dividend distributions otherwise payable. All units issued under the DRP will rank equally with all existing units in the Trust. The DRP provides unitholders with the opportunity to acquire additional units in the Trust without incurring any brokerage or other transaction costs.
Participation in the DRP is optional and a unitholder may join, withdraw from, or amend their level of participation at any time (subject to the terms and conditions of the DRP). A letter to unitholders will be posted by 18 August 2008 containing the terms and conditions of the DRP.
Under the terms and conditions of the DRP, the Manager is pleased to announce that a discount of 1% will be applied in the calculation of the strike price for the next distribution payable on 1 September 2008.
Election Notices received at the Register on or before 29 August 2008 will be reinvested for the next scheduled distribution on 1 September 2008. Notices received by the Register after this date will be applied to future distributions.