As you might already know, Croesus Retail Trust will be delisted on 27th October 2017 as it has been acquired - Blackstone makes offer for Croesus Retail Trust at S$1.17 per unit. The interesting thing is that the current share price is S$1.165 and that presents an opportunity to arbitrage! I buy at $1.165, hold till 11th October 2017 and get paid S$1.17 on 27th October 2017. As a SCB priority customer, there is no minimum commission and the commission structure is as follows: 1. Brokerage Fees: 0.18% 2. SGX Clearing Fee: 0.04% 3. GST: 7.00% A quick calculation shows that the return is about 0.19%. Assuming that I make the purchase tomorrow (4th October 2017 and hold till it XD/XE on 11th October 2017 - about 8 days), the annualized return becomes 8.82%! Is this risk-free? Certainly not if it is before 5th October 2017... There is a court hearing to ......