Source disclosure: January 16, 2026
SANKEI REAL ESTATE Inc. [2972.T]
TOKYO, January 16, 2026 (JCN Newswire) - Sankei Real Estate Investment Corporation (REIT code: 2972), represented by Executive Director Yoshiichi Ota, announced today that it supports and recommends to its shareholders the tender offer initiated by Tiger Investment Limited Partnership and Lion Investment Limited Partnership on its investment units.
The company's board has resolved to endorse the public tender offer made by Tiger and Lion Investment Limited Partnerships (collectively referred to as "the bidders") for the acquisition of Sankei Real Estate Investment Corporation investment units (hereinafter referred to as "investment units"). The board encourages all investors holding these investment units to participate in the tender offer. According to the announcement, should the tender offer not result in the complete acquisition of all investment units, the bidders have indicated their intention to proceed with squeeze-out procedures to achieve full ownership.
Regarding the terms of the tender offer, each unit will be purchased at a price of JPY 125,000 per share. Additionally, Sankei Real Estate Investment Corporation plans to distribute dividends for the fiscal year ending February 2026 before the completion of the tender offer process. For those who do not tender their shares during this period, they will receive both the dividend payment and the tender offer price after the distribution date. However, if an investor tenders their shares, they will only receive the tender offer price but not the dividend payment.
The dividend payout for the fiscal year ending February 2026 is scheduled for mid-May 2026, while the rights registration date for the dividend is set for February 27, 2026. Furthermore, the squeeze-out procedure, which involves the merger of investment units, is expected to convene a special meeting of investors in mid-April 2026. It is important to note that the exact timing of the cash payments resulting from the squeeze-out procedure remains undetermined as of now.
Sankei Real Estate Investment Corporation emphasizes that this press release aims to provide general information about the tender offer and does not constitute an offer to sell securities or solicitations thereof. Investors are advised to review the official tender offer documents provided upon commencement of the tender offer and make informed decisions based on their own judgment. The corporation also highlights that the tender offer adheres to Japan’s Financial Instruments and Exchange Law regulations and disclosure standards, which may differ from U.S. Securities laws such as the Securities Exchange Act of 1934. Therefore, any legal actions against non-U.S.-based entities involved might face challenges due to jurisdictional differences.
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