I attended the EGM for Frasers Logistics and Industrial Trust for their purchase of a portfolio of completed and in development properties.

I have to say it is rather frustrating.

I will keep this post short.

Here are some of the key takeaways.

3 Questions were raised whether future dividend per unit (DPU) will be diluted.  The whole Q&A session was center around one slide.

This is a slide that the CEO Robert Wallace say is a regulatory demand and an unfair reflection of the actual situation.

It states that after the completion of the properties, based upon the same measured period, the distributable income of FLT to shareholders will drop and so will the DPU.

Understandably, the shareholders become worried and have their guard up on

1. asset dumping
2. existing shareholder dilution
3. dividend yield going down

One shareholder also made a point that Singapore shareholders will only turn to a ...