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PETALING JAYA: (Feb 19) Pavilion Real Estate Investment Trust (Pavilion REIT) will issue 3.12 million new units to its manager as part settlement of management fees for the second half of the financial year ended Dec 31, 2025 (2H2025).
In a filing on Feb 19, the REIT said 3,118,169 units will be issued to Pavilion REIT Management Sdn Bhd pursuant to the part payment of fees in units. The issuance does not involve a new class of securities.
The units will be issued at RM1.9236 each, based on the five-day volume weighted average price (VWAP) of Pavilion REIT units up to but excluding Jan 29, 2026—being the date of announcement of its latest quarterly report—adjusted for a cash distribution of 5.03 sen per unit, with an entitlement date of Feb 16, 2026.
Following the issuance, Pavilion REIT’s total issued units will increase to 3,927,958,409 units, with issued unit capital of RM3.85 billion.
The additional units are scheduled to be listed on Feb 20, 2026.
The practice of settling a portion of management fees in units is common among Malaysian REITs, aligning the manager’s interests with unitholders while preserving cash at the trust level.
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