April 25, 2025
For Immediate Release
REIT Issuer
NTT UD REIT Investment Corporation 1-5-1 Otemachi, Chiyoda Ward, Tokyo Executive Director
Takeshi Oodera
(Securities Code 8956)
Asset Management Company
NTT Urban Development Asset Management Corporation President & CEO Yasutake Horinouchi
[Contact]
Director & CFO, Finance Department
Takeshi Iwata TEL: +81-3-6262-9400
Notice Concerning Completion of Additional Acquisition of Investment Units of NTT UD REIT Investment Corporation by NTT Urban Development Corporation
NTT UD REIT Investment Corporation ("NUD") hereby announces that it has received a notification on April 24,2025 from NTT Urban Development Corporation (the "Sponsor"), the parent company of NUD's asset management company, NTT Urban Development Asset Management Corporation ("UDAM"), and the sponsor of NUD, that the Sponsor has acquired additional investment units of NUD (the "Additional Acquisition").
1. Overview of the Additional Acquisition
(1) | ||
(2) | Acquisition period | from February 21, 2025 to April 24, 2025 |
(3) | Acquisition method | market purchase based on a discretionary trading agreement |
with a securities company |
Total number of investment units acquired
34,000 units
2. Significance of the Additional Acquisition
NUD has been working to improve the quality of its portfolio through asset replacement using sponsor support, and has also implemented measures to improve unitholder value, such as returning gain on sales to the unitholders and acquiring its own investment units.
The Additional Acquisition was carried out with the aim of further clarifying the commitment of the sponsor by increasing the unitholding ratio through the additional acquisition of investment units of NUD and strengthening the same-boat nature. NUD expects that the Additional Acquisition will result in further sponsor support that leads to the sustainable growth of NUD.
3.
Sponsor's Ownership of NUD's Units Before and After the Additional Acquisition
Before the Additional Acquisition | the Additional Acquisition | After the Additional Acquisition (Note) | |
Total Number of Investment Units Issued and Outstanding | 1,482,035 units | - | 1,482,035 units |
Number of units held by sponsor | 59,300 units | + 34,000 units | 93,300 units |
Percentage of units held by sponsor | 4.0 % | + 2.3 % | 6.3 % |
(Note) NUD plans to cancel 13,800 of its own investment units on April 30, 2025, and the sponsor's ownership ratio after the cancellation is
expected to be 6.4%. Percentage is rounded to the nearest one decimal place.
For details on the cancellation of own investment units, please refer to the "Notice Concerning Status of Acquisition, Completion of
Acquisition, and Cancellation of Own Investment Units" dated April 11, 2025
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NUD's website ishttps://nud-reit.co.jp/en/
** Neither NUD nor UDAM makes any assurance or warranty with respect to the completeness or accuracy of this English translation. For more complete and accurate information, please refer to the original announcement in Japanese.
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