C01819-2024

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Mar 27, 2024
2. SEC Identification Number
16342
3. BIR Tax Identification No.
000-169-020-000
4. Exact name of issuer as specified in its charter
SM Investments Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10th Floor, OneE-com Center, Harbour Drive, Mall of Asia Complex, Pasay City Postal Code 1300
8. Issuer's telephone number, including area code
(632) 8857-0100
9. Former name or former address, if changed since last report
--
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 1,222,023,358
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

SM Investments CorporationSM

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification of News Article entitled "SM to buy 29% of CREIT for P5B"

Source Inquirer.net
Subject of News Report SM to buy 29% of CREIT for P5B
Date of Publication Mar 27, 2024
Clarification of News Report

Ladies and Gentlemen:

We reply to the request for clarification of The Philippine Stock Exchange, Inc. on the news article entitled “SM to buy 29% of CREIT for P5B” posted in Inquirer.net on March 27, 2024, the pertinent portion of which reads:

“MANILA, Philippines — SM Investments Corp., the country’s most valuable conglomerate, has gained foothold in the real estate investment trust space with a deal to buy close to 29 percent of renewable energy property landlord Citicore Energy REIT Corp. (CREIT) for about P5 billion.

Ahead of the much-awaited public listing of the REIT to be formed by property arm SM Prime Holdings Inc., industry sources confirmed to the Inquirer that SMIC is ready to sign a deal to buy the shares in CREIT held by Citicore Renewable Energy Corp. (CREC), which is part of the Megawide group led by businessman Edgar Saavedra.

. . . .

The parties are expected to formalize their agreement any time soon, said sources familiar with the deal.

. . . .

The entry of SMIC into CREIT comes ahead of the $1-billion public offering of a REIT company to be sponsored by SM Prime Holdings.”


We confirm the pertinent facts in the news report and as of this morning, SM Investments Corporation (the Company) has completed the purchase of 1,884,374,000 shares in Citicore Energy REIT Corp. (CREIT) for a total purchase price of Php5B. At this time, the Company does not see any material impact of this acquisition to the financials or operations of the Company.

Thank you.

Other Relevant Information

Please see attachment.

Filed on behalf by:
Name Elmer Serrano
Designation Corporate Secretary