CapLand IntCom Tr - Private Placement of 2.292 for the raising of 600m to fund the acquisition of Paragon Mall at Orchard Road together with the sales proceeds from Asia Square Tower 2. Advance DPU of between 3.93 to 4.03 cents. XD 27 April 2026.
RATIONALE FOR THE PRIVATE PLACEMENT
The Manager believes that the Proposed Acquisition will bring the following benefits to the
unitholders in CICT (the “Unitholders”):
(i) strategic acquisition of a rare, premier freehold integrated development with a
sizable, upscale retail exposure and medical component;
(ii) further consolidates CICT’s retail presence in the tightly held downtown precinct;
(iii) solidifies CICT’s position as the most liquid proxy for high quality Singapore-centric
commercial exposure; and
(iv) distribution per Unit (“DPU”) accretive transaction with sustainable pro forma leverage.
Please refer to the Acquisition Announcement for further details on the rationale of the
Proposed Acquisition.
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