Keppel DC Reit is on a buying spree this year. The Milan DC, the Cardiff DC and now a Singapore DC (Keppel Datahub 2).
A rights issue for Keppel DC Reit is coming in November. It is a preferential offering of 274 new units for every 1,000 units held for an issue price of $1.155.
Initially there was not much “meat” in the offer as it is just about 5% discount to its current price then. But Keppel DC Reit’s price has gone up since the news and now the discount is closer to 10%.
I have collected $300+ dividends from Keppel DC Reit, but I guess I have to return all and more for this rights issue. Well, I am on the accumulation phase, so it is alright for me. You always need to …Read the full article →