Merrill Lynch (Singapore) purchased 2.5 million shares in NTT DC REIT (SGX:NTDU) at a price range of 0.950 to 0.975 apiece, according to a Friday filing with the Singapore Exchange.
Shares of the REIT were down nearly 1% in recent trading.
The purchase was made on July 18 as principal or through dealers on Merrill Lynch's behalf, the filing added.