AIMS AMP Capital Industrial Reit

AIMS AMP Capital Industrial Reit: Did a private placement of $110m to institutional , priced at $1.60/share; placement price was 7.8% discount to its last trading price on 17 Apr. 75% (~$82.5m) of the placement proceeds will be used to partially fund the Phase III development of 20 Gul Way, and the redevelopment of 103 Defu Lane 10. The remaining after placement fees (~$24.2m) will be used to partially fund future potential acquisitions/ redevelopment opportunities. As at 31 Mar 2013, Reit has gearing of 34.0%, which would increase to approximately 39.9%- if the private placement was not done, for the funding of the Development Projects and the 20 Gul Way Phase Two Development by debt. More details on the advanced distribution following the placement will be disclosed.