I have been asked online and offline if I would be taking part in the Distribution Reinvestment Plan (DRP) offered by AIMS AMP Capital Industrial REIT.
The price is $1.2421 per unit. This is at a slight discount compared to the closing price of the REIT in the last session which was $1.27 per unit.
The last DRP offered unitholders a price of $1.1622. Shortly after, the unit price plunged to hit a low of $1.085. Could we see a repeat of history? Could unit price plunge lower this time as well?
I did not take part in the last DRP and was waiting to accumulate closer to S$1.00 a unit. Unfortunately, Mr. Market was hungry for AIMS AMP Capital Industrial REIT and buyers overwhelmed sellers after unit price touched a low of $1.085.
So, if we put these pictures together, we could see ......