Overview
Announcements

Acquisition | KENEDIX RETAIL REIT CORP | 31st October 2023

On June 13, 2023 KENEDIX OFFICE INVESTMENT CORP proposed to acquire KENEDIX RESIDENTIAL NEXT INVESTMENT CORP and KENEDIX RETAIL REIT CORP in a stock transaction for 0.67 and 0.84 KENEDIX OFFICE INVESTMENT CORP shares respectively.

KENEDIX OFFICE INVESTMENT CORP shareholders approved the transaction on August 21, 2023. KENEDIX OFFICE INVESTMENT CORP, KENEDIX RETAIL REIT CORP and KENEDIX RESIDENTIAL NEXT INVESTMENT CORP will pay cash dividends that will go ex on October 30, 2023.

KENEDIX OFFICE INVESTMENT CORP will also conduct a stock split 2 for 1 on October 30, 2023. The last trading day of KENEDIX RETAIL REIT CORP and KENEDIX RESIDENTIAL NEXT INVESTMENT CORP is expected to be on October 27, 2023.

The stock terms adjusted for the split are 1.68 KENEDIX OFFICE INVESTMENT CORP post-split shares for every KENEDIX RETAIL REIT CORP share held and 1.34 KENEDIX OFFICE INVESTMENT CORP post-split shares for every KENEDIX RESIDENTIAL NEXT INVESTMENT CORP share held.

In order to apply index changes in a manner that can be closely replicated, Solactive AG will implement the acquisition event on October 31, 2023.

The treatment below will be applied to the following indices:

  • KENEDIX RETAIL REIT CORP will be removed from the Index.
  • The weight of KENEDIX RETAIL REIT CORP (3453.T) based on its last close price will be distributed pro rata to remaining Index constituents.
  • Effective Date (open): 31/10/2023

Solactive Asia REIT 20 Index
Solactive World REIT 30 Index

The treatment below will be applied to the following indices:

  • KENEDIX RETAIL REIT CORP will be removed from the Index.
  • The shares of KENEDIX OFFICE INVESTMENT CORP (8972.T) will be increased according to the stock terms of the transaction.
  • Effective Date (open): 31/10/2023

GPR 250 Developed Markets Index NTR
GPR 250 Developed Markets Index PR
GPR 250 Developed Markets Index TR
RAFI Fundamental Global All Company Index NTR
RAFI Fundamental Global All Company Index PR
RAFI Fundamental Global All Company Index GTR
Solactive CarbonCare Asia Pacific Green REIT Index NTR
Solactive CarbonCare Asia Pacific Green REIT Index PR
Solactive CarbonCare Asia Pacific Green REIT Index GTR
Solactive GPR 250 Developed ESG Index NTR
Solactive GPR 250 Developed ESG Index PR
Solactive GPR 250 Developed ESG Index TR
Solactive Japan Green J-REIT Index NTR
Solactive Japan Green J-REIT Index PR
Solactive Japan Green J-REIT Index GTR