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FINWIRES

Daiwa Office Investment for Four-for-One Unit Split

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Daiwa Office Investment Corporation's (TYO:8976) board approved a four-for-one investment unit split to improve accessibility for investors, thereby enhancing the liquidity of investment units, according to a Friday filing with the Tokyo bourse.

Following the split, the REIT's outstanding investment units will increase to 3.74 million from 934,745, while the total number of investment units authorized will jump to 16 million, the filing said.

The four-for-one investment unit split will take effect on Dec. 1, for unitholders of record as of Nov. 30.

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