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Frasers L&I Trust preferential offering results

June 12, 2018 By KK

Frasers Logistics & Industrial Trust

Greetings from Tianjin! I’ve been busy these 2 weeks as I’m currently on a work trip, so no regular content last weekend. Chilling in my hotel room at the moment so I decided to give a quick update on my portfolio.


The Frasers Logistics and Industrial Trust PO results are in! As expected, I didn’t get all the excess rights I subscribed to:

  • Total units applied:
    • Entitlement: 1,500 units
    • Excess application: 6,100 units
  • Excess Units received: 1,500
  • Total units received: 3,000 units

Based on today’s closing price of $1.04 and rights issuance price of $0.967, that’s an automatic 7.5% gain. Sweet ๐Ÿ™‚ The reason why I’m growing to love rights issues for REITs.

Yup that’s it for now. Stay tuned this weekend for a exclusive investment article about my time in Tianjin ๐Ÿ˜€

Happy Hunting,
KK

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Filed Under: Companies I've covered, Invest, Portfolio Updates Tagged With: Frasers Logistics and Industrial Trust


Reader Interactions

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  1. OUE Commercial REIT rights issue โ€“ a case study of value destruction | TheFinance.sg says:
    September 17, 2018 at 8:11 pm

    […] Regular readers would know that I have shifted to a more income approach over the past year and as part of that strategic shift, it involves purchasing more REITs for my portfolio. Also, I have in the past espoused my love of rights issues / preferential offering as seen in my participation in the Frasers L&I Trust preferential offering. […]

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