Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

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.

ENDS


Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.