The manager of ARA LOGOS Logistics Trust says it has proposed to issue about 90.5 million new units in ALOG at an issue price of 55.25 cents per new unit to raise gross proceeds of approximately $50.0 million.

The size of the private placement may be increased, if any, which will be announced at the close of the books of the private placement.

The manager, on Nov 2, entered into a placement agreement with Citigroup Global Markets, Credit Suisse and DBS Bank, who are also the underwriters in relation to the private placement.

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