Recently, Ascott REIT hogged the headlines in the substantial rights exercise it was offering. It was offering 29 new shares for every existing 100 shares held. The money raised would be used to fund the acquisition of 2 Germany properties with the similar name of Citadines as well as Singapore's Ascott Orchard. The last time I was involved in this REIT was quite some time back when I was able to use Standard Chartered to "play" a few 100 shares at a time and trade on price movements. It was subsequently liquidated when Standard Chartered cut short the "no minimum commission" party. Pity, but based on management's effectiveness over the years, it was really poor as it showed that the interest of the management was not aligned to that of the shareholders. The intended target was clearly mentioned; they intend to raise the value of the Assets Under Management (AUM) ......