Sold 80% of the right issue allotment at $1.52, $0.10 above the right issue price of $1.42. The reason was pretty much strategic and act accordingly to Sun Tzu Art of War (孙子兵法). As such, the overall cost of the “Strategic” section of the portfolio went down from $0.239/share to $0.0419/share.
Why 80% and not whole of everything ? Well, the sale proceed of that 80% is just nice enough to subscribe to the right issue of Keppel DC Reit whose right issue price is at $1.155. Normally, right issue will dilute the existing holding especially in term of dividend collected. This is the case for my Keppel DC Reit should I opt not to subscribe for the right issue. However, that is not the case of MapletreeCom Trust in my portfolio. Keppel DC Reit is under the “Cash” section of the portfolio …Read the full article →