COMFORIA RESIDENTIAL REIT, INC January 13, 2022
For Immediate Release
Real Estate Investment Trust Securities Issuer:
Comforia Residential REIT, Inc
21-1 Dogenzaka 1-chome,Shibuya-ku, Tokyo
Takehiro Izawa
Executive Director
(Code: 3282)
Asset Management Company:
TLC REIT Management Inc.
Masaoki Kanematsu
President & CEO
Inquiries:
Daisuke Kawauchi
General Manager of Strategy Department
Comforia Management Division
(TEL: +81-3-6455-3388)
Notice Concerning Decision on Price, etc. Regarding Issuance of New Investment Units
and Secondary Offering of Investment Units
Comforia Residential REIT, Inc ("CRR") announces that it has determined at the board of directors' meeting held today, the issue price, offer price and other matters concerning the issuance of new investment units and secondary offering of investment units that were decided at the previous board of directors' meeting held on January 5, 2022. Details are as follows:
1. Issuance of New Investment Units through Public Offering (Primary Offering)
(1) | Number of investment units | 22,960 units | |
to be offered: | |||
(2) | Paid-in amount (issue value): | 302,457 yen per unit | |
(3) | Total paid-in amount (issue value): | 6,944,412,720 yen | |
(4) | Issue price (offer price): | 312,555 yen per unit | |
(5) | Total issue amount (offer price): | 7,176,262,800 yen | |
(6) | Subscription period: | January 14, 2022 | (Friday) |
(7) Payment period for deposit in | From January 14, 2022 (Friday) | ||
securities: | To January 17, 2022 (Monday) | ||
(8) | Payment date: | February 1, 2022 | (Tuesday) |
(9) | Delivery date: | February 2, 2022 | (Wednesday) |
(Note) The underwriters purchase and underwrite at the paid-in amount (issue value) and conduct the primary offering at the stated issue price (offer price).
This document is a press release to make a public announcement of the issuance of new investment units and secondary offering of investment units of CRR, and has not been prepared as a solicitation for investment. CRR cautions investors to ensure that they refer to the prospectus for notification of the issuance of new investment units and secondary offering of investment units as well as amendments thereto prepared by CRR before undertaking investments and that investments be made at their own discretion and responsibility.1
2. Secondary Offering of Investment Units (Over-Allotment)
(1) Number of investment units to be offered:
(2) Offer price:
(3) Total offer price:
(4) Subscription period:
(5) Payment period for deposit in securities:
(6) Delivery date:
3. Issuance of New Investment Units to be Offered by Way of Third-Party Allotment
(1) | Paid-in amount (issue value): | 302,457 yen per unit | |
(2) | Total paid-in amount (issue value) | 344,800,980 yen | |
(maximum): | |||
(3) | Subscription period: | February 15, 2022 | (Tuesday) |
(Subscription date) | |||
(4) | Payment date: | February 16, 2022 | (Wednesday) |
(Note) If there are no subscriptions for all or a part of the investment units on or before the subscription period (subscription date) described in (3) above, the issuance of such investment units shall be cancelled.
1. Calculation of Issue Price and Offer Price
(1) Calculation reference date and price: January 13, 2022 (Thursday) 326,000 yen
(2) Discount Rate: 2.50 %
(Note) Issue price was calculated by applying the discount rate to the difference between the closing price of the investment units in a regular trading session at the Tokyo Stock Exchange, Inc. ("TSE") on the reference date and the forecasted cash distributions per unit of 5,430 yen for the period ending January 31, 2022 (23rd Period: August 1, 2021 to January 31, 2022).
2. Syndicated Cover Transaction Period
From January 15, 2022 (Saturday) to February 10, 2022 (Thursday)
3. Specific Use of the Funds to be Procured
CRR plans to use the proceeds (6,944,412,720 yen) from the primary offering as part of funds for the acquisition of new specified assets described in the press release titled "Notice Concerning Acquisition of Investment Assets (COMFORIA SAKURAJOSUI and other 5 assets)" announced on January 5, 2022. The maximum amount of proceeds (344,800,980 yen) from the issuance of new Investment Units by way of third-party allotment will be kept as cash on hand and used for part of future acquisition of specified assets or as part of repayment of interest-bearing debt.
(Note) The procured funds will be deposited to financial institutions until being expensed.
*Website of CRR:https://www.comforia-reit.co.jp/en/
This document is a press release to make a public announcement of the issuance of new investment units and secondary offering of investment units of CRR, and has not been prepared as a solicitation for investment. CRR cautions investors to ensure that they refer to the prospectus for notification of the issuance of new investment units and secondary offering of investment units as well as amendments thereto prepared by CRR before undertaking investments and that investments be made at their own discretion and responsibility.2
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Comforia Residential REIT Inc. published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 07:50:06 UTC.
