MII Trust successfully completed its first capital increase offering of 73 million trust units at 5.70 baht per unit, held from September 14 to 23, 2026, with investor demand exceeding the number of new units offered. Thanachot Rungsitthiwat, Managing Director of MFC Asset Management Public Company Limited, or MFC, as the trust's manager, said the capital increase raised a total of 416.10 million baht, and MII Trust used approximately 970 million baht in borrowings to acquire assets worth no more than 1,386 million baht, with ownership already transferred on September 29, 2026. The additional assets consist of land and three factory buildings with offices within the Green Park 1 project in Bang Pakong district, Chachoengsao province, on more than 57 rai of land with approximately 60,611.7 square meters of usable space. This raises leasable area to 123,885.80 square meters and increases the freehold ownership proportion to 72% from 46%, while the leasehold proportion falls to 28% from 54%. After the first capital increase, MII Trust will have total assets of approximately 3,200 million baht, spread across four key logistics and industrial locations: the Eastern Economic Corridor in Rayong and Chachoengsao provinces, the King Kaew industrial zone, and Navanakorn Industrial Estate in Pathum Thani province, with an occupancy rate above 90%. MII Trust has a track record of continuous dividend payments spanning more than 13 years since the founding of the M-II mutual fund in 2012 and its conversion into a trust in 2024, having paid total returns of approximately 9.56 baht per unit, or an average of 0.65 baht per unit per year. In 2025 it paid total dividends of 0.6673 baht per unit, and after the first capital increase it expects to pay increased distributions of 0.7082 baht per unit per year. The new units from the first capital increase are expected to begin trading on the stock exchange on October 5, 2026.
MFC Asset Management Public Company LimitedMFC, as manager of MII Trust, completed a 416.10 million baht capital increase that was oversubscribed and used borrowings to acquire Green Park 1 assets, expanding the trust's portfolio and distributions.
