Shares & Derivatives
Ascott Reit – Rights Units Applications
By A Path to Forever Financial Freedom (3Fs)  •  December 5, 2013
Results of Rights Units Applications for Ascott Reits are as follows:
No. of Rights Units % of Rights Issue
Valid Acceptances 246,557,766 97.2
Excess Applications 168,453,301 66.4
Total 415,011,067 163.6
From the results, it seems many investors subscribe to the rights allocation they were entitled to. In fact, only 2.8% were available for the excess applications. This came as a surprise as Reits are generally getting weaker and weaker each day from the news of Fed tapering. Perhaps, the huge discount plays a big factor in subscribing, at least that's for my case...
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By A Path to Forever Financial Freedom (3Fs)
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