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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