A year after the divestment and reinvestment of Cambridge Industrial Trust, I finally decided to divest all of that for good at $0.5256
Since the reinvestment last January under the Cashless/Strategic plan, the quantity accumulated is like 5% of the intended target. In addition, there was no (or very low) capital involved, the sale proceed will be used to reduce the current 1.21% capital being incurred among the 5 stocks (Cambridge Industrial Trust, FrasersCom Trust, MapletreeCom Trust and Mapletreelog Trust). With that, the capital cost of the Cashless/Strategic section has been reduced to 0.54% or equivalent of $0.204/share for the 4 of them (minus Cambridge Industrial Trust).
The reason for the divestment is simple. The earning of Cambridge Industrial Trust has been declining since thus resulting in a decline of the distributable income. The impact is for each distribution the scrip dividend being collected ......