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Manulife US REIT halts distributions. Is the worst over?

What happened? Manulife US REIT, or MUST, a Singapore-listed US office REIT, has announced that it will not pay out any distributions for the first half of 2023. There are two key reasons for the manager’s decision. The first involves the breach of a financial covenant in MUST’s financing documents. The second reason is that […]

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