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Chief Operating Officer and Chief Financial Officer for Cambridge Industrial Trust Quits

Resignation

Today, on 15th January 2016, Cambridge Industrial Trust announces the resignation of Mr David Mason who is the Chief Operating Officer and Chief Financial Officer for Cambridge Industrial Trust. He will remain in the company until April 2016 to facilitate a smooth transition.

The above news came sudden, a day after Cambridge Industrial Trust announces a fall in DPU (Cambridge Industrial Trust DPU Fall for 4QFY15). The news may or may not cause further fall in current closing share price of S$0.53, depending on investor’s confidence.

Cambridge Industrial Trust is currently, facing headwinds caused by vacancies and earnings weakness arising from property conversions from single-tenanted to multi-tenanted.

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