Cube Highways Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Cube Highways Trust has announced the results of its postal ballot, with all five resolutions passed with 100% votes in favor. The key changes approved include: (1) a change in sponsor, where existing sponsors Cube Highways and Infrastructure Pte. Ltd. and Cube Highways and Infrastructure III Pte. Ltd. will be declassified and replaced by Cube Highways and Infrastructure V Pte. Ltd. (CH-V) as the new sponsor; (2) conversion of the Trust from a private listed InvIT to a public InvIT through an offer for sale of units; (3) acquisition of assets from CH-V Pte. Ltd.; (4) acquisition of assets from Cube Highways and Infrastructure II Pte. Ltd.; and (5) repeal of the list of specified matters. The change in sponsor resolution received 81.12% approval by value (excluding related parties), while the public InvIT conversion received 93.73% approval. All resolutions were deemed passed with requisite majority as confirmed by the Scrutinizer's report dated February 20, 2026.
This is a major restructuring event for Cube Highways Trust. The sponsor change and conversion to a public InvIT could lead to improved liquidity and broader investor participation through an offer for sale. The asset acquisitions from related parties will expand the trust's highway portfolio, potentially increasing future distributions. Unitholders should watch for the forthcoming offer for sale details and any changes to the trust's distribution profile.