This is my first quarterly results coverage review for CCT since I've been vested in the counter a couple of months back. The trust recorded a 2.6% increase for the quarter in the distributable income year on year, which translates into a 2.4% increase in the DPU to unitholders (which is approximately at 2.14 cents). This is pending the confirmation on whether there will be conversion on the CB which is currently priced at $1.54. Since current price is under the money, it is unlikely that these bondholders would choose to convert, unless they want the higher yield distributed via the dividend than the interest they are getting, but the chances are rather slim. Overall portfolio occupancy of the trust's premises remain higher than the average market at 96.4% (compared to 95.8%) and they have a well spread portfolio lease expiry profile with major ......