If you get into reits, make sure that you have some spare warchest to prepare for rights issue. It’s not a matter of if, but a matter of when. In the past, if you do not have any reits yet, I will recommend buying the mother shares during rights issue so that you have the ability to hack your way to capitalise on the excess rights application process. I blogged various articles in this blog but let’s just put down the two most important ones:

1. How to get the most out of a rights exercise
2. How to hack AIMS AMP Capital Industrial reit Rights Exercise

But recently with the change of the board lot from 1000 shares per lot to 100 shares per lot, I think this strategy is getting outdated. The amount of excess rights will be based on the lower 100 shares instead of 1000, which …