Unlike the recent rights issue for LMIR, there is little to be gained from selling units in K-REIT and buying the rights. The former so far touched a low of 88c while the latter, a low of 2.4c.
Buying the rights at 2.4c would mean a total price of 87.4c per unit when they are converted into regular units.
In a my blog post of 18 Oct, I said that “given my very small position in K-REIT, I will most probably subscribe to the rights issue. If I were not invested in the first instance, I would not bother buying in now to gain exposure.”
By a stroke of luck, any potential investor who took my musings to heart would be happier today.
Why do I say this? Read the relevant blog post here:
K-REIT: 17 for 20 rights issue.
For anyone who wants to invest in K-REIT, …