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Terrafina Announces Distribution Payment Corresponding to the Second Quarter 2014

MEXICO CITY--(BUSINESS WIRE)--Terrafina (“Terrafina”) (BMV:TERRA13), a leading Mexican industrial real estate investment trust (“FIBRA”), externally advised by Prudential Real Estate Investors and dedicated to the acquisition, development, lease and management of industrial real estate properties in Mexico, announced today that, in accordance with the corresponding Prospectus and Supplements, it will execute for tax purposes the distribution of a capital refund to the holders of its Certificados Bursátiles Fiduciarios Inmobiliarios (“CBFIs”) on August 20, 2014 in the amount of Ps.0.576850 per CBFI for each of the 381,014,635 CBFIs outstanding, for a total payment of Ps. 219,788,488.33 (TWO HUNDRED AND NINETEEN MILLION, SEVEN HUNDRED AND EIGHTY-EIGHT THOUSAND, FOUR HUNDRED AND EIGHTY-EIGHT 33/100 MEXICAN PESOS).

Following are the dates pertaining to the distribution:

 
Ex-dividend date August 15, 2014
Record date August 19, 2014
Payment date August 20, 2014
 

Additionally, the implied value of Terrafina, as of June 30, 2014, is Ps.28.90 per CBFI. A detailed calculation of Terrafina’s implied value, as of June 30, 2014, is as follows:

 
Net contributions by trustees 9,900,603,728
Currency translation adjustments 478,419,164
Retained earnings 631,440,495
Total equity 11,010,483,387
# of CBFIs outstanding 381,014,635
Implied value 28.90
 

Source: Terrafina, Interim Consolidated Financial Statements 2Q14, figures in Mexican pesos

About Terrafina

Terrafina (BMV:TERRA13) is a Mexican real estate investment trust formed primarily to acquire, develop, lease and manage industrial real estate properties in Mexico. Terrafina’s portfolio consists of attractive, strategically located warehouses and other light manufacturing properties throughout the central, Bajio and northern regions of Mexico. It is internally managed by highly qualified industry specialists, and externally advised by Prudential Real Estate Investors Latin America.

Terrafina owns 230 real estate properties, including 217 developed industrial facilities with a collective GLA of approximately 31 million square feet and 13 land reserve parcels, designed to preserve the organic growth capability of the portfolio.

Terrafina’s objective is to provide attractive risk-adjusted returns for the holders of its certificates through stable distributions and capital appreciations. Terrafina aims to achieve this objective through a successful performance of its industrial real estate and complementary properties, strategic acquisitions, access to a high level of institutional support, and to its management and corporate governance structure. For more information, please visit www.terrafina.mx

About Prudential Real Estate Investors

PREI® is a leader in the global real estate investment management business, offering a broad range of investment vehicles that invest in private and public market opportunities in the United States, Europe, the Middle East, Asia, Australia and Latin America. Headquartered in Madison, N.J., the company also has offices in Atlanta, Chicago, Miami, New York, San Francisco, Frankfurt, Lisbon, London, Luxembourg, Munich, Paris, Abu Dhabi, Mexico City, Hong Kong, Seoul, Singapore, Sydney, and Tokyo. The company also has a representative presence in Rio de Janeiro. PREI has gross assets under management of USD $55.8 billion (US$41.8 billion net assets), as of March 31, 2014. For more information, please visit www.prei.com

About Prudential Financial, Inc.

Prudential Financial, Inc. (NYSE:PRU), a financial services leader with more than $1 trillion of assets under management as of June 30, 2014, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com

Forward Looking Statements

This document may include forward-looking statements that may imply risks and uncertainties. Terms such as "estimate", "project", "plan", "believe", "expect", "anticipate", "intend", and other similar expressions could be construed as previsions or estimates. Terrafina warns readers that declarations and estimates mentioned in this document, or realized by Terrafina’s management imply risks and uncertainties that could change in function of various factors that are out of Terrafina’s control. Future expectations reflect Terrafina’s judgment at the date of this document. Terrafina reserves the right or obligation to update the information contained in this document or derived from this document. Past or present performance is not an indicator to anticipate future performance.

Contacts

In Mexico City:
Terrafina
Francisco Martinez/ Angel Bernal
Investor Relations Officer / Chief Financial Officer
Tel: +52 (55) 5279-8107 / +52 (55) 5279-8109
francisco.martinez@terrafina.mx / angel.bernal@terrafina.mx
or
In New York:
i-advize Corporate Communications, Inc.
Maria Barona, +1 212-406-3691
mbarona@i-advize.com