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Global One Real Estate plans split of investment units

Global One Real Estate Investment Corp.'s board resolved to split existing investments units held by unit holders on record as of March 31 on a 1-to-4 ratio.

The split will increase the number of the Japanese property company's units to 16 million from 223,900 units. It said the plan's public notice of record date is March 13 and the effective date is scheduled for April 1.

The office real estate investment trust expects the split to make investing in the company easier, diversify its investor pool and improve the liquidity of its investment units.