I made my first transaction in the stock market since my return to Singapore. I bought some LMIR nil-paid rights at 5.6c each. Some might ask why not buy LMIR units instead as they are trading at 38.5c each cum distribution of 1.06c now. At a conversion price of 31c per rights, getting nil-paid rights now at 5.6c means a total price of 36.6c. With an estimated annualised DPU of 3.26c, post rights issue and acquisitions, we are looking at a distribution yield of 8.9% and a very low gearing of under 10%. I think this is pretty attractive. Now, if we were to buy the units at 38.5c and secure the 1.06c income distribution, our cost (to make a fair comparison) would be 38.5c - 1.06c = 37.44c. Compared to buying the nil-paid rights, it is a tad pricier (at about ......