My Rights Issue Results for Ascott Reit

I blogged Ascott Reit Rights Issue in a few earlier Posts (link here). I was entitled to 2320 Units and I applied for 7680 excess Units. I managed to get 3900 Units in total.

Together with my existing Units, I now have 11900 Ascott Reit shares. Ascott Reit is still below 10% of my stock portfolio. I try to keep each company holding below 10%. As of now, only M1 exceeds at slightly above 11%. of my overall portfolio.

Ascott Reit's closing price was $1.09 as at 13 April 2017. My purchase price for the Rights Issue was $0.919. However it was trading at around $1.17 before the announcement of Rights Issue. My average price for Ascott Reit is now $1.02. My dividend yield should be within 7 - 8%.  The current yield should be lower than my previous forecast of 8.61% due to Units increase as a result of the Rights Issue.

Yield based on purchase price of $1.02

Ah Lim's Kopi Chat Blog Post 1 - Ascott Reit's Rights Issue Result is Out!

Ah Lim's Kopi Chat is a short blog post that takes me just 5-10 min (time for me to finish a cup of coffee) to write and publish. It could be a rant, investment related or even non-related. In short, it could be anything. Short and simple. That's it.

I logged into my savings account this morning to check how much refund I got back from Ascott Reit's Rights Issue. Slightly disappointed I didn't get as much excess units I would like to have. I blogged about the Rights Issue in earlier posts (link here).Would create another blog post when I receive my cdp statement. Huat ar!

Both StarHub and M1 are holding their AGM tomorrow at Suntec Singapore Convention & Exhibition Centre. StarHub's meeting is 10 am whereas M1's meeting is 230 pm. M1 will not offer any bento food and voucher from the coming AGM onwards. No more A Good Meal (AGM) for shareholders? At least free coffee? 😛