Maston Premier REITs Conducts Rights Offering... "Subscription for Existing Shareholders Until the 11th"

Mastern Premier REIT, a listed REIT, announced on the 10th that it will conduct a rights offering and begin subscription for existing shareholders starting today.

Mastern Premier REIT will carry out the subscription for the rights offering announced at the end of October this year. The planned number of shares to be issued is 6,141,249, corresponding to a capital increase ratio of approximately 23.10%, and the new share issuance price is 1,486 KRW per share. The issued shares will be listed on the Korea Exchange on January 2, 2025.

From today until the 11th, a priority subscription will be conducted for existing shareholders who currently hold shares. Existing shareholders will be allocated 0.23 shares for every one share they hold, and oversubscription is not allowed. Subscriptions can be made through securities firms holding Mastern Premier REIT shares as of the record date, which was the 13th of last month.

The general public subscription for unsubscribed shares is scheduled for the 13th and 16th of this month. General subscriptions can be made through Shinhan Investment Corp. and Korea Investment & Securities Co. If the subscription volume still falls short of the planned issuance after the general subscription, the remaining unsubscribed shares will be canceled.

Jo Yong-min, Vice President of the REIT Division at Mastern Investment Management, stated, “Through this rights offering, we aim to enhance financial stability and plan to sell overseas assets within 2 to 3 years.” He added, “We hope that many existing shareholders as well as general investors will show great interest and support for this rights offering.”