UI Boustead REIT Issues Corrigendum on Stabilising Action in Initial Public Offering

Key Points:

• Correction to Units Purchased: UI Boustead REIT has released a corrigendum concerning its earlier announcement (dated 12 March 2026) regarding stabilising actions taken during its Initial Public Offering (IPO).
• Correction in the Number of Units Purchased: The corrected total number of units purchased by the stabilising manager on 12 March 2026 is 15,906,600, not 15,906,900 as previously reported.
• Price Range Unchanged: The price range for these purchases remains between S\$0.800 and S\$0.825.
• All Other Information Unchanged: No other information in the original announcement has been changed.
• Stabilising Manager: DBS Bank Ltd. acted as the stabilising manager for the IPO.
• Joint Issue Managers: DBS Bank Ltd. and United Overseas Bank Limited are the joint issue managers, global coordinators, joint bookrunners, and underwriters for the IPO.

Details and Implications for Investors

The management of UI Boustead REIT, in conjunction with DBS Bank Ltd. as the stabilising manager, issued this corrigendum to correct a minor but potentially price-relevant detail regarding the IPO stabilising actions. The number of units purchased during the stabilising period is a key metric for assessing the market’s response to the IPO and the support provided by underwriters to maintain price stability.

This correction—an adjustment down by 300 units—may seem minor in absolute terms but reflects the company’s commitment to transparency and precise reporting. Investors should note that the stabilising actions were conducted at a price range of S\$0.800 to S\$0.825, which may indicate the price levels that underwriters consider to be a fair value during the early trading of the REIT. The stabilising actions help to buffer volatility and are a common feature in new listings, but the correction itself is unlikely to have a material impact on the REIT’s valuation or share price, unless the market perceives a pattern of reporting inaccuracies.

Important Notices for Shareholders

• Jurisdictional Restrictions: The REIT units have not been and will not be registered under the United States Securities Act of 1933, as amended, and are being offered only outside the United States in compliance with Regulation S. Distribution of this announcement outside Singapore is strictly prohibited and may constitute a violation of U.S. securities laws or other jurisdictional laws.
• Investment Risks: As always, the value of the units and income derived from them can fall as well as rise. Units are not bank deposits and are not guaranteed by the Manager, Perpetual (Asia) Limited (as trustee), the Sponsor, Joint Bookrunners, Underwriters, or any affiliates.
• Liquidity Notice: Listing on the SGX-ST does not guarantee a liquid market. Investors are reminded that redemption or repurchase by the Manager is not available as long as units are listed.

Potential Price Sensitivity

This announcement, while primarily a correction, could be considered price sensitive as it pertains to the transparency and accuracy of public disclosures in connection with the IPO. However, the change is small and does not alter any substantive aspects of the offering or the stabilising actions undertaken. Shareholders and potential investors are encouraged to monitor further disclosures for any additional material information.

Disclaimer: This article is for information purposes only and does not constitute an offer or invitation to acquire, purchase, or subscribe for any securities in UI Boustead REIT in Singapore or any other jurisdiction. Investments in REITs are subject to risks, including possible loss of principal. The units are not obligations of, deposits in, or guaranteed by the manager, trustee, sponsor, or underwriters. Please consult your professional financial adviser before making investment decisions.

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