Daiwa House Logistics Trust (SGX:DHLU) issued 489,791 new units at SG$0.5794 each to its manager, Daiwa House Asset Management Asia, as part of its base management fee for the fourth quarter of 2024, according to a Wednesday filing on the Singapore Exchange.
The issue price was based on the volume-weighted average price of Daiwa House Logistics Trust units over the last 10 trading days of the period.
Following the issuance, the total number of units in circulation stands at 698.9 million, with sponsor Daiwa House Industry holding 13.3%.
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