Folks following this blog would know that I applied
for First REIT 5 for 4 rights issue.
In addition to that I Applied for 20000 excess rights, paying SGD10,000 for this.
Today on the 31st Dec 2010 is the trading day for all these rights and a check on my CDP account shows that I got some excess rights!
It’s a welcome surprise because, First REITs is strongly held I feel and not likely to have so much excess rights.
My previous experience with Sing Investment was disappointing.
Anyway, the 5 for 4 rights issue left me with 250 shares of odd First REIT stock.
But a check of my CDP account shows that they have given me a total of 2750 more shares. So 2750/20000 = 13.5% allocation.
Why is Excess Rights a big deal?
For those not familiar with excess rights, it is basically a lottery to ......
Do I need to have an online account with CDP before I can check how many lots am I allocated? My stocks portfolio doesn’t seem to be updated.
Hi Tank,
I believe the fastest way is to check your CDP account online or if you applied via ATM, you can check base on the balance they refunded to you. I used UOB and they have refunded me the money.
Of course you will eventually receive a postal mail on the number of rights you have received.
Cheers!
Hi Derek.
Thank you for the extremely fast reply.
I will check my bank account now. :)
Hi Tank,
No problem. You can read more comments on First REIT rights allocation in the link below.
http://singaporeanstocksinvestor.blogspot.com/2010/12/first-reit-excess-rights-issued.html
Good Luck!