TERRAFINA INFORMS ON THE CALL FOR THE EXTRAORDINARY HOLDERS MEETING TO BE HELD ON JUNE 5TH, 2024

Mexico City, May 24th, 2024 – Terrafina (“TERRA”) (BMV: TERRA13), a leading Mexican industrial real estate investment trust, externally advised by PGIM Real Estate and dedicated to the acquisition, development, lease, and management of industrial real estate properties in Mexico, hereby informs the marked that, today, Monex Casa de Bolsa, S.A. de C.V., Monex Grupo Financiero, in its capacity as common representative (the “Common Representative”) of the holders of the non-redeemable real estate trust certificates (certificados bursátiles fiduciarios inmobiliarios no amortizables) identified by the ticker symbol “TERRA 13” (the “Certificates”) issued by CIBanco, S.A., Institución de Banca Múltiple, in its capacity as trustee (the “Trustee”) of the Irrevocable Management Trust Agreement identified under number F/00939 dated 29 January 2013 (as amended from time to time, the “Trust Agreement”), in accordance with the Trust Agreement and the global certificate evidencing the issuance of the Certificates, published a call for an Extraordinary Holders’ Meeting (the “Holders’ Meeting”) to be held on 5 June 2024, in order to, among others, approve to authorize the Independent Members of the Technical Committee who have no conflict of interest: (i) to instruct the Trustee to engage, with charge to the Trust estate, a law firm specialising in taxation, a financial advisor and any other necessary and/or convenient advisor, recognised in the industry, in order to carry out, among others, a comparative analysis in favor of the Holders, with respect to the offers received by the Trust, including the acquisition of the Certificates; and (ii) make available to the Holders who so request, through the Common Representative, its conclusions, with pros and cons, with respect to the proposals submitted to the Trust based on the analysis referred to in (i) above; in addition to the authorities provided in the Trust Agreement and, so that the Holders may take an informed decision.

In this regard, Terrafina informs that such call for a Holders’ Meeting was made by the Common Representative at the request of a certificate Holder who individually holds more than 10% of the outstanding Certificates, in accordance with the provisions of Clause 4.1(d) of the Trust Agreement.

Terrafina will keep the market informed in a timely manner regarding the resolutions adopted at the Holders’ Meeting and will take appropriate action to act in the best interests of its Certificate holders at all times.

 

Miranda Newswire: Full Press Release – Download PDF

 

Investor Relations Contact Details

Francisco Martínez
Investor Relations Officer
Tel: +52 (55) 5279-8107
E-mail: francisco.martinez@terrafina.mx

Marimar Torreblanca
Miranda IR
Tel: +52 (55) 5282-2992
E-mail: marimar.torreblanca@miranda-partners.com

About TERRAFINA

Terrafina (BMV:TERRA13) is a Mexican real estate investment trust formed primarily to acquire, develop, lease and manage industrial real estate properties in Mexico. Terrafina’s portfolio consists of attractive, strategically located warehouses and other light manufacturing properties throughout the Central, Bajío and Northern regions of Mexico. It is internally managed by highly qualified industry specialists and externally advised by PGIM Real Estate.
Terrafina owns 291 real estate properties, including 287 developed industrial facilities with a collective GLA of approximately 42.8 million square feet and four 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 an effective management and corporate governance structure. For more information, please visit www.terrafina.mx/en/
 
About PGIM Real Estate
With $210 billion in gross assets under management and administration1, PGIM Real Estate provides investors and borrowers access to a range of real estate equity, real estate debt, agriculture, and impact solutions across the risk-return spectrum.
PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). PGIM Real Estate’s risk management approach, execution capabilities and industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing2, and the local experience of professionals in 35 cities globally. Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that strive to ignite positive environmental and social impact, while pursuing activities that seek to strengthen communities around the world. For more information visit visit pgimrealestate.com.
1 As of December 31, 2023; AUA is $49 billion.
2 Includes legacy lending through PGIM’s parent company, PFI.
 
About PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with more than $1.4 trillion in assets under management as of December 31, 2023. With offices in 46 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information, please visit news.prudential.com
 
Forward Looking Statements
This document may include forward-looking statements that may imply risks and uncertainties. Terms such as “estimate”, “project”, “plan”, “believe”, “expect”, “anticipate”, “intend”, and other similar expressions could be construed as previsions or estimates. Terrafina warns readers that declarations and estimates mentioned in this document or realized by Terrafina’s management imply risks and uncertainties that could change in function of various factors that are out of Terrafina’s control. Future expectations reflect Terrafina’s judgment at the date of this document. Terrafina reserves the right or obligation to update the information contained in this document or derived from this document. Past or present performance does not guarantee future performance.

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