Keppel DC REIT Announces Advanced Distribution and New Developments

Keppel DC REIT Management Pte. Ltd., the manager of Keppel DC REIT, has announced an advanced distribution of 4.083 Singapore cents per unit for the period from 1 July 2024 to 27 November 2024. This distribution comprises a taxable income distribution of 1.239 Singapore cents, a tax-exempt income distribution of 2.025 Singapore cents, and a capital distribution of 0.819 Singapore cents.

Unitholders whose accounts are credited with units by 5:00 p.m. on 27 November 2024 will be eligible for this advanced distribution, which is scheduled for payment on or around Monday, 10 February 2025. However, it’s important to note that holders of the Private Placement New Units and Preferential Offering New Units will not be entitled to this distribution.

The announcement follows the Equity Fund Raising initiative aiming to raise approximately S\$1 billion in gross proceeds as per the announcements made on 19 November 2024. The next distribution after the advanced distribution will cover the period from 28 November 2024 to 31 December 2024, with semi-annual distributions resuming thereafter.

Implications for Shareholders

These developments are crucial for shareholders as they reflect Keppel DC REIT’s financial health and strategic initiatives. The exclusion of certain unitholders from the advanced distribution could influence investor sentiment and potentially affect the share value. Moreover, the success of the Equity Fund Raising could impact future distributions and growth prospects.

Important Notices

Investors should be aware of the forward-looking statements that involve risks and uncertainties, including potential changes in industry conditions, interest rates, and capital availability. The value of the units and the income derived from them may fluctuate, and investments are subject to risks, including potential loss of principal.

This announcement is not intended for distribution in jurisdictions such as the United States, European Economic Area, Canada, Japan, Malaysia, Thailand, or Australia. The offer of new units will only proceed where legally permissible without formal disclosure or registration.