As expected after announcing the purchase of two office buildings in Washington DC and Georgia, Manulife US Reit is raising capital by issuing new shares. The preferential offering of 22 new units for 100 held is done at an issue price of US$0.865, and will raise US$197.2M.
Manulife US Reit Raises US$197M Capital
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Manulife US REIT
|Yield (4 quarters)||8.81%|