I get quite a few comments in my blog and some comments require more detailed replies than others. I have decided that for more detailed replies, I should put them up as blog posts from now. This one is in reply to Ray's comment here. Hi Ray, Actually, when I finally fully divested from CitySpring, I did not lose money. See: CitySpring Infrastructure Trust: Thoughts on divestment. I was also spared the subsequent rights issue. See: CitySpring Infrastructure Trust: Rights issue. Up till now, for me, the trusts which I count as heavy losses are MPSF and FSL Trust. For REITs, I lost on FCOT (the former Allco REIT) and Saizen REIT but these were not heavy losses if I take into consideration dividends received and trading gains, if any. I would consider 5 figure losses as heavy losses. That's just me. All other REITs I am vested in are in the black. ......