In addition, FLT's manager noted that the trust's new investment mandate will come into effect on Wednesday.
"The investment mandate is to invest in a portfolio of income-producing real estate used predominantly for logistics or industrial purposes and located globally, and/or commercial purposes or business park purposes and located in the Asia-Pacific region, or in Europe ," FLT's manager said. As at 12.18pm on Wednesday, units in FLT were trading at S$1, up S$0.01 or 1 per cent, while units in FCOT last traded on April 9, following a request for suspension.
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