Shinhan Alpha Seocho REIT Co., Ltd announced that it will issue 17,200,000 shares at a price of KRW 5,000 per share for gross proceeds of KRW 86,000,000,000 on June 19, 2024. The transaction will include participation from returning investor Shinhan Alpha REIT Co., Ltd. for 17,200,000 shares. This has been approved in the board of directors of the Shinhan Alpha REIT Co., Ltd. The transaction is expected to close on June 26, 2024.