Frontier Real Estate Investment Corporation (JP:8964) has released an update.
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Frontier Real Estate Investment Corporation has announced a five-for-one split of its investment units to coincide with the new Nippon Individual Savings Account, aiming to make investments more accessible and improve liquidity. This move will significantly increase the number of outstanding investment units and is accompanied by an amendment to the Articles of Incorporation to accommodate the increase. The forecast distributions per unit for the fiscal period ending June 2025 have been revised accordingly, though the overall investment outlook remains unchanged.
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