ASCENDAS HOSPITALITY TRUST
A stapled group comprising:
Ascendas Hospitality Real Estate Investment Trust
(a real estate investment trust constituted on 13 March 2012
under the laws of the Republic of Singapore) managed by
Ascendas Hospitality Fund Management Pte. Ltd.
Ascendas Hospitality Business Trust
(a business trust constituted on 13 March 2012 under the
laws of the Republic of Singapore) managed by
Ascendas Hospitality Trust Management Pte. Ltd.
ISSUE OF 73,530,000 NEW STAPLED SECURITIES IN ASCENDAS HOSPITALITY TRUST
PURSUANT TO THE PRIVATE PLACEMENT
1. INTRODUCTION
Further to the announcements dated 31 March 2014, 1 April 2014 and 7 April 2014 in relation to
the private placement of 73,530,000 new stapled securities in Ascendas Hospitality Trust (&ldquo AHTRUST&rdquo ,
and the new stapled securities in A-HTRUST, the &ldquo New Stapled Securities&rdquo ) (the
&ldquo Private Placement&rdquo ), Ascendas Hospitality Fund Management Pte. Ltd., in its capacity as the
manager of Ascendas Hospitality Real Estate Investment Trust (the &ldquo REIT Manager&rdquo ) and
Ascendas Hospitality Trust Management Pte. Ltd., in its capacity as the trustee-manager of
Ascendas Hospitality Business Trust (the &ldquo Trustee-Manager&rdquo ), are pleased to announce that
the REIT Manager and the Trustee-Manager (collectively, the &ldquo Managers&rdquo ) have today issued
73,530,000 New Stapled Securities at an issue price of S$0.680. With the issue of the New
Stapled Securities, the total number of Stapled Securities in issue is 1,108,204,786 as at the
date of this announcement.
The New Stapled Securities will commence trading on the Main Board of Singapore Exchange
Securities Trading Limited (the &ldquo SGX-ST&rdquo ) at 9.00 a.m. on 9 April 2014.
2. STATUS OF THE NEW STAPLED SECURITIES
The New Stapled Securities issued pursuant to the Private Placement will, upon issue, rank pari
passu in all respects with the Stapled Securities in issue on the day immediately prior to the date
on which the New Stapled Securities are issued pursuant to the Private Placement, other than in
respect of the Advance Distribution.
2
A-HTRUST&rsquo s policy is to distribute its distributable income on a semi-annual basis to Stapled
Securityholders. In connection with the Private Placement, the Managers intend to declare a
cumulative distribution for (i) the period from 1 October 2013 to 31 March 2014 and (ii) the
period from 1 April 2014 to the day immediately prior to the date on which the New Stapled
Securities are issued pursuant to the Private Placement (collectively, the &ldquo Cumulative
Distribution&rdquo ). The Cumulative Distribution is estimated to range from 2.79 cents to 2.95 cents
per Stapled Security1. The Cumulative Distribution will only be distributed in respect of the
existing stapled securities in A-HTRUST in issue immediately prior to the issue of the New
Stapled Securities. A further announcement on the actual amount of Cumulative Distribution
(which may differ from the estimate above) will be made by the Managers in due course.
The next distribution thereafter will comprise A-HTRUST&rsquo s distributable income for the period
from the day the New Stapled Securities are issued pursuant to the Private Placement to 30
September 2014. Semi-annual distributions will resume thereafter.