News: ARF Arena REIT No 1 Says Co Undertaking Fully Underwritten A$50 Mln Institutional Placement

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    May 21 (Reuters) - Arena REIT No 1 (ARF) :

    • UNDERTAKING A FULLY UNDERWRITTEN A$50 MILLION INSTITUTIONAL PLACEMENT
    • FY20 DISTRIBUTION GUIDANCE OF 14.3 CENTS PER SECURITY
    • FY19 DISTRIBUTION OF 13.5 CENTS PER SECURITY
    • ENTERED AGREEMENT DURING 2H FY19 TO ACQUIRE & DEVELOP ADDITIONAL SOCIAL INFRASTRUCTURE PROPERTIES WITH TOTAL INVESTMENT OF A$62 MILLION
    • TO OFFER A NON-UNDERWRITTEN SECURITY PURCHASE PLAN TO RAISE UP TO A$5 MILLION

    Source text : (http//tinyurl.com/yx8t25n6)

    (([email protected];))

 
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