I like rights issues when the money raised is used to fund yield accretive activities. Basically, it means I am investing more money for higher returns. However, I don't like rights issues when the money raised is used to strengthen balance sheets. Returns, in all likelihood, would be watered down and investors end up immediately poorer. In the last few years, I provided quite a few examples of rights issues, both good and bad, here in ASSI. Today, a full page ad and in full colour, no less, in The Business Times, encouraged unit holders to "SECURE YOUR 10% DPU YIELD" and "ACCEPT YOUR ENTITLEMENTS TODAY". This was an ad by Rickmers Maritime Trust (RMT). It has been a long time since I followed developments at RMT. So, somewhat rusty, I went through the ad for details on the rights issue. The main reason for the rights issue is to "repay bank loans and ......