Sorry folks for the late post (almost a month!), as I was really busy with work and life. Anyway, Frasers Hospitality Trust declared a rights issue at the end of September, and I took up the rights issue with excess, as I believe that this was a prudent and pro-active measure by the management to lower their gearing and to fund an acquisition of a hotel in Australia. An interesting thing to note was that the dormant business trust portion of the stapled security would be activated as the master lesse of the hotel once the hotel as been acquired, as set out in the circular for the rights issue. So in the future, not only FHT would be receiving income from it’s properties, it would also receive income from their business trust as well. All in all, this looks to be a pretty good deal in the future, and I ......