Distribution

DISTRIBUTION

What is Distribution Reinvestment Plan

The Distributable Reinvestment Plan (“DRP”) provides Unitholders the option to receive their distribution to which the DRP applies in the form of fully-paid new Units instead of cash, or a combination of fully-paid new Units and cash.

The DRP may be applied from time to time to any distribution declared by LREIT as the Manager may determine in its absolute discretion. The Manager will make an announcement whenever it decides to apply the DRP to a particular distribution, and such announcement will contain, among others, (a) the procedures, timeline and other relevant details in relation to the application of the DRP to such distribution and (b) details on whether LREIT is relying on a general mandate or specific Unitholders’ approval for the issue of New Units under the DRP.
What are the benefits of Distribution Reinvestment Plan
- Accumulate Lendlease Global Commercial REIT units without incurring brokerage fees, stamp duties (if any) and other related costs
- Accumulate Lendlease Global Commercial REIT units at a discount
- Enlarges Lendlease Global Commercial REIT’s capital base
- Strengthens Lendlease Global Commercial REIT’s balance sheet
- Enhances Lendlease Global Commercial REIT’s working capital
- Improves the liquidity of Lendlease Global Commercial REIT units