Hines Global Income Trust Announces January 31 NAV Per Share
February 14, 2020
On February 13, Hines Global Income Trust, Inc. announced the transaction price for each class of the Company’s common stock as of January 31, 2020, which is the transaction price (i) at which distributions declared for February 2020 will be reinvested as of the first business day of March 2020 and (ii) applicable to redemptions completed pursuant to the Company’s share redemption program as of February 29, 2020. The transaction price for all share classes (T, S, D, I, AX, TX, IX ad JX) is $10.29 per share.
The transaction price for each of the Company’s share classes is equal to such class’s net asset value (“NAV”) per share as of January 31, 2020. The NAV per share as of January 31, 2020, is the same for each of the Company’s share classes. The previously announced NAV per share as of December 31, 2019, was $10.31 per share for all share classes.
As of January 31, the REIT had approximately 84,525,000 shares outstanding, up from approximately 81,848,000 as of December 31, 2019.
The Company’s board of directors has appointed a valuation committee comprised of independent directors, referred to as the valuation committee, to be responsible for the oversight of the valuation process. The valuation committee has adopted a valuation policy, as approved by the Company’s board of directors, and as amended from time to time, that contains a comprehensive set of methodologies to be used in connection with the calculation of the Company’s NAV. The Company’s most recent NAV per share for each share class, which is updated as of the last calendar day of each month, is posted on the Company’s website at https://www.hinessecurities.com/current-offerings/hgit/ and is also available on the Company’s toll-free information line at (888) 220-6121.
Source: SEC
