Manulife US Reit Raises US$197M Capital

News about Manulife US REIT

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
Price0.785 USD
NAV0.700 USD
Yield (4 quarters)7.18%
Gearing41.3%