MEXICO CITY--(BUSINESS WIRE)--Terrafina (BMV: TERRA13), a real estate investment trust sponsored by Prudential Real Estate Investors dedicated to the acquisition, development, lease and management of industrial real estate assets in Mexico, today announced that according to the corresponding Prospectus and Supplements, will execute a cash payment on August 30, 2013, as an advanced distribution of taxable income to the holders of its Certificados Bursátiles Fiduciarios Inmobiliarios (“CBFIs”), for the amount of Ps.0.32887844321 per CBFI, for each of the 381,014,635 CBFIs outstanding, for a total payment of Ps.125,307,500 (one hundred and twenty five million, three hundred and seven thousand and five hundred 00/100 Mexican pesos).
The following are the relevant dates of this distribution:
August 27, 2013
|Record date||August 29, 2013|
|Payment date||August 30, 2013|
Additionally, the implied value of Terrafina (TERRA13), as of June 30, 2013, is Ps.27.420095 per CBFI, below is the detail behind the calculation of the implied value of the company as of June 30, 2013:
|Net contributions by trustees||9,900,603,728|
|Currency translation adjustment||464,270,596|
|Total net assets (net equity)||10,447,457,777|
|# of CBFIs outstanding||381,014,635|
Source: Terrafina, Interim Consolidated Financial Statements 2Q13, figures in Mexican pesos
About the company
Terrafina (BMV:TERRA13) is a Mexican real estate investment trust formed primarily to acquire, develop, lease and manage real estate properties in Mexico. Terrafina’s portfolio consists of attractive, strategically-located warehouses and other light manufacturing properties throughout the central, Bajio and northern regions of Mexico. It is internally managed by highly-qualified industry specialists and externally advised by PREI® Latin America.
Terrafina owns 145 real estate properties, including 132 developed industrial facilities with a collective GLA of approximately 20.06 million square feet and 13 land reserve parcels, designed to preserve the organic growth capability of the portfolio.
Terrafina's objective is to provide attractive risk-adjusted returns for the holders of its certificates through stable distributions and capital appreciations. Terrafina aims to achieve this objective through a successful performance of its industrial real estate and complementary properties, strategic acquisitions, access to a high level of institutional support, and to its management and corporate governance structure.
Additional information is available at www.terrafinafibra.com.