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FINWIRES

CDL Hospitality Trusts Issues 2.3 Million Stapled Securities to Manager, Trustee-Manager

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CDL Hospitality Trusts (SGX:J85) issued a total of 2,257,290 stapled securities to M&C REIT Management and M&C Business Trust Management at SG$0.8035 per stapled security, according to a Thursday filing with the Singapore Exchange.

Nearly 2 million stapled securities were issued to M&C REIT Management and 262,136 to M&C Business Trust Management, each representing 80% of their respective base management fee for the first quarter.

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