Mexico City, June 14th, 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 the following on the holders’ ordinary and extraordinary meeting held on June 11th, 2024, resumed and concluded on June 14th, 2024:
Installation quorum: 84.89%
FIRST. In connection with the first item on the agenda of the ordinary meeting, given there were not enough votes in favor, the proposal by the trust known as Fibra Uno and Nearshoring, Experts & Technology, S.C., submitted to the consideration of the Trust on May 24, 2024, consisting of the consolidation, directly or indirectly, in one or more operations, of the portfolios of the industrial sector, rights and related liabilities, identified as FUNO Industrial Portfolio, Jupiter Portfolio and Terra Portfolio was not approved at the moment.
SECOND. Given the second item on the agenda of the ordinary meeting, as well as the first and second items of the extraordinary meeting, were directly related to the approval of the first item on the agenda of the ordinary meeting, the Subsidiary did not proceed with their discussion.
THIRD. Claudia Beatriz Zermeño Inclán, Alejandra Tapia Jiménez, José Luis Urrea Sauceda, Lucila Adriana Arredondo Gastélum, José Daniel Hernández Torres, Mariel Martínez Chávez, Fernanda Calleros de la Cruz, Claudia Alicia García Ramírez, Karla Estrada Jiménez, Ricardo Ramírez Gutiérrez, or any attorney in fact of the Common Representative, are hereby appointed as special delegates of this Meeting, so that they, jointly or separately, may carry out all the necessary or convenient acts and/or formalities that may be required, if applicable, to appear before the notary public of their choice, if necessary, to notarize these minutes in their entirety or as applicable, to file the notices and notifications that may be required, as well as to carry out the procedures that may be required before the CNBV, BMV, Indeval and the corresponding authorities.
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Investor Relations Contact Details
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.
