Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Cambridge Industrial Trust    CMIT   SG1T70931228

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Cambridge Industrial Trust : Issue and Listing of New Units under the Distribution Reinvestment Plan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/28/2013 | 11:11pm CEST

(Constituted in the Republic of Singapore pursuant to a trust deed dated 31 March 2006 (as amended))

ISSUE AND LISTING OF NEW UNITS UNDER THE DISTRIBUTION REINVESTMENT PLAN


Cambridge Industrial Trust Management Limited, as manager of Cambridge Industrial Trust ("CIT" and the manager, the "Manager") wishes to announce that the Manager has today issued 7,910,333 new units in CIT at an issue price of S$0.6940 per unit pursuant to CIT's Distribution Reinvestment Plan ("New Units") in respect of the distribution of 1.229 cents per unit for the period from 1 October - 31 December 2012 (the "4Q2012 Distribution").
The New Units will commence trading on the Main Board of Singapore Exchange Securities
Trading Limited (the "SGX-ST") at 9.00 am on 1 March 2013.
The New Units will rank pari passu in all respects with the existing units in CIT ("Units"). Following the issue of the New Units, the number of issued Units will increase from
1,216,015,451 to 1,223,925,784.
Eligible unitholders of CIT ("Unitholders") who did not elect to participate in the Distribution Reinvestment Plan and overseas Unitholders who did not provide registered addresses in Singapore to CDP will receive all of their respective entitlements to the 4Q2012 Distribution in cash on 28 February 2013.

BY ORDER OF THE BOARD

Cambridge Industrial Trust Management Limited
(Company Registration No. 200512804G, Capital Markets Services Licence No. 100132-2) As Manager of Cambridge Industrial Trust
Chris Calvert
Chief Executive Officer and Executive Director
28 February 2013
Cambridge Industrial Trust
Page 2 of 3

For further enquiries, please contact:

Cambridge Industrial Trust Management Limited
Ms Caroline Fong
Head of Investor Relations and Corporate Communications
(65) 68279330 caroline.fong@cambridgeitm.com

About Cambridge Industrial Trust

Cambridge Industrial Trust ("CIT"), publicly listed on the Singapore Exchange Securities Trading Limited on 25 July 2006, is Singapore's first independent industrial real estate investment trust ("REIT").

CIT invests in quality income-producing industrial properties and has a diversified portfolio of

49 properties located across Singapore, with a total gross floor area of 720,813 sq m and a property value of S$1.2 billion as at 31 December 2012. They range from logistics and warehousing properties to light industrial properties, which are located close to major transportation hubs and key industrial zones island-wide.

The Manager's objective is to provide Unitholders with a stable and secure income stream through the successful implementation of the following strategies:

• prudent capital and risk management;

• proactive asset management; and

• value enhancing investments.

Cambridge Industrial Trust Management Limited, the Manager of CIT, is indirectly owned by three strategic sponsors, namely, National Australia Bank Group ("NAB") (56%), Oxley Group (24%) and Mitsui & Co., Ltd ("Mitsui") (20%):

• NAB, one of Australia's four largest banks, is an international financial services group that provides a comprehensive and integrated range of financial products and services;

• Oxley Group is an innovative private investment house specialising in real estate and private equity investments across Asia-Pacific; and

• Mitsui is one of the largest corporate conglomerates in Japan and listed on the Tokyo

Stock Exchange. It is also one of the largest publicly traded companies in the world. Mitsui also developed the Japan Logistics Fund Inc., a publicly listed REIT in Japan dedicated to investing in distribution facilities.

For further information on CIT, please visit http://www.cambridgeindustrialtrust.com/

Cambridge Industrial Trust
Page 3 of 3

Important Notice

The value of units in CIT ("Units") and the income derived from them may fall as well as rise. Units are not investments or deposits in, or liabilities or obligations of, Cambridge Industrial Trust Management Limited ("Manager"), RBC Investor Services Trust Singapore Limited (in its capacity as trustee of CIT) ("Trustee"), or any of their respective related corporations and affiliates (including but not limited to National Australia Bank Limited, nablnvest Capital Partners Pty Ltd, or other members of the National Australia Bank group) and their affiliates (individually and collectively "Affiliates"). An investment in Units is subject to equity investment risk, including the possible delays in repayment and loss of income or the principal amount invested. Neither CIT, the Manager, the Trustee nor any of the Affiliates guarantees the repayment of any principal amount invested, the performance of CIT, any particular rate of return from investing in CIT, or any taxation consequences of an investment in CIT. Any indication of CIT performance returns is historical and cannot be relied on as an indicator of future performance.
Investors have no right to request that the Manager redeem or purchase their Units while the Units are listed. It is intended that investors may only deal in their Units through trading on Singapore Exchange Securities Trading Limited (the "SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.
This release may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of occupancy or property rental income, changes in operating expenses (including employee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in amounts and on terms necessary to support future CIT business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the Manager's current view of future events.
This release is for informational purposes only and does not have regard to your specific investment objectives, financial situation or your particular needs. Any information contained in this release is not to be construed as investment or financial advice, and does not constitute an offer or an invitation to invest in CIT or any investment or product of or to subscribe to any services offered by the Manager, the Trustee or any of the Affiliates.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CAMBRIDGE INDUSTRIAL TRUST
12:48p DISCLOSURE OF INTEREST/ CHANGES IN I : : Disclosure Of Interest/ Changes In Inte..
07/28 CAMBRIDGE INDUSTRIAL TRUST : ex-dividend day for interim dividend
07/27 CAMBRIDGE INDUSTRIAL : Disclosure Of Interest/ Changes In Interest Of Substantia..
07/14 CAMBRIDGE INDUSTRIAL : Disclosure Of Interest/ Changes In Interest Of Substantia..
07/07 CAMBRIDGE INDUSTRIAL : Date Of Release Of CIT's Unaudited Financial Results For ..
07/01 CHANGE - ANNOUNCEMENT OF CESSATION : : Announcement Of Cessation Of Non-Executiv..
06/30 CAMBRIDGE INDUSTRIAL : SGX REIT & Bt Seminar
06/28 CAMBRIDGE INDUSTRIAL : Disclosure Of Interest/ Changes In Interest Of Substantia..
06/03 DISCLOSURE OF INTEREST/ CHANGES IN I : : Disclosure Of Interest/ Changes In Inte..
06/02 CAMBRIDGE INDUSTRIAL : Citi Asean C-Suite Forum 2016
More news
Sector news : Industrial REITs
07/27DJSIMON PROPERTY : Boosted Outlook Falls Below Expectations
07/27DJSIMON PROPERTY : Boosted Outlook Falls Below Expectations
07/27DJUNDER ARMOUR : Makes the Leap To Fifth Avenue -- WSJ
07/27DJBOSTON PROPERTIES : Posts Higher FFO, Boosts Guidance
07/26DJUNDER ARMOUR : Takes Former FAO Schwarz Store on Fifth Avenue
More sector news : Industrial REITs
Advertisement
Financials ( SGD)
Sales 2016 109 M
EBIT 2016 75,1 M
Net income 2016 50,6 M
Debt 2016 554 M
Yield 2016 7,82%
P/E ratio 2016 13,98
P/E ratio 2017 12,69
EV / Sales 2016 11,6x
EV / Sales 2017 11,8x
Capitalization 717 M
More Financials
Chart CAMBRIDGE INDUSTRIAL TRUST
Duration : Period :
Cambridge Industrial Trust Technical Analysis Chart | CMIT | SG1T70931228 | 4-Traders
Full-screen chart
Technical analysis trends CAMBRIDGE INDUSTR...
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 0,60  SGD
Spread / Average Target 8,7%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Philip Henry Lewis Levinson Chief Executive Officer & Executive Director
Yong Hai Chua Independent Chairman
David Graham Mason Chief Operating & Financial Officer
Michael Patrick Dwyer Non-Independent Non-Executive Director
Guong Ching Tan Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CAMBRIDGE INDUSTRIAL T..-2.65%532
PROLOGIS INC24.95%28 175
GOODMAN GROUP19.78%10 151
DUKE REALTY CORP33.97%9 742
DCT INDUSTRIAL TRUST I..32.33%4 447
FIRST INDUSTRIAL REALT..30.00%3 362
More Results