Activia Properties (TYO:3279) will conduct a three-for-one investment unit split effective June 1 to boost liquidity and broaden its investor base under the New NISA scheme, according to a Wednesday filing on the Tokyo Stock Exchange.

The total number of issued units will rise to 2.38 million from 792,106, while authorized units will expand to 12 million from 4 million, following an amendment to its articles of incorporation.

In line with the split, the company revised its forecasted cash distribution for the six months ending Nov. 30 to 2,927 yen per unit from 8,782 yen.

Price (JPY): $342000.00, Change: $-2500, Percent Change: -0.73%