OUE-C and H Merger Effective

News about OUE Commercial REIT

The merging of OUE-Commercial Trust and OUE-Hospitality Trust became effective as of today morning.

H-Trust stapled securityholders will receive payment of the scheme consideration – 4.075 Singapore cents in cash and 1.3583 new C-Reit units per stapled security – by Sept 9.

Following that, the H-Trust stapled securities will be delisted on Sept 17. Their last day of trading was on Aug 30.

OUE Commercial REIT
Price0.525 SGD
NAV0.710 SGD
Yield (4 quarters)5.68%
Gearing39.3%