Mexico City, June 5th, 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, informs today that, in connection with the relevant event (evento relevante) published by Fibra MTY last Monday June 3rd, 2024, through which Fibra MTY announced that its technical committee approved to submit to Terrafina a structure to consolidate all of the industrial assets of Fibra MTY and Terrafina in a single vehicle under the internal management platform of Fibra MTY, where both current holders of Terrafina and Fibra MTY will participate:
- We are in receipt of the proposal submitted by Fibra MTY on June 3rd, potentially providing the holders of Terrafina CBFIs with an additional strategic alternative in connection with their investment in our trust.
- Terrafina will review, together with its advisors, the proposed structure (including the price per CBFI implicit therein and the proposed participation of the holders of Terrafina and Fibra MTY in the vehicle that consolidates the industrial assets) and will follow up with Fibra MTY with respect to the specific terms and conditions of such and its implementation, including the obtention of authorizations, transactional costs, among others.
- As soon as the elements for our holders to have the necessary information to make an informed decision and considering the timing of other strategic alternatives available to the holders of our CBFIs, Terrafina will be in a position to call, if applicable, a holders’ meeting to discuss such proposal.
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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