Regular readers know that First REIT is one of my oldest investments in my portfolio of S-REITs. One of my earliest blog posts said how this was an investment for keeps. That was in March 2010. Time really flies. It has been almost 4 years.
See:
First REIT: This one is for keeps.
Over the last few years, I made use of opportunities to buy more units of First REIT's. These opportunities were in the form of a rights issue and market corrections.
See:
Bloodbath continues and AK71 went shopping!
and
First REIT: Rights issue.
I became an investor of First REIT's in 2007. The price was 75c a unit.
During the Global Financial Crisis (GFC), I bought more at 42c a unit.
When it had a rights issue at 50c a unit, I took up my allotment and even bought nil-paid rights from unit holders who didn't want to ......