, Singapore

Ascott REIT cancels $150m perpetual securities

Payment of the redemption price took effect on 29 October.

Ascott Residence Trust Management has cancelled its 5% perpetual securities worth $150m, according to a press release.

The payment of the Redemption Price took effect on 29 October.

The redemption is not expected to have any impact on the net tangible assets or earnings per unit of Ascott REIT for the financial year ending 31 December.

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