Shares & Derivatives
Seems FLT’s Advanced Distribution Eventually Adjusted to 1.01 cents from 0.69 cents.
By Investment Moats  •  July 26, 2018
It seems Advanced Distribution Amount does change even though an amount was given before hand. Frasers Logistics and Industrial Trust announced a Private Placement and non-renounceable preference offering in April 2018, to fund the purchase of 21 properties in Germany and Netherlands from its parent Frasers Property Limited. As there are new units issued, usually a REIT or stock would declare an advance dividend distribution for existing shareholders, which the shareholders who joined later through the preference offering and placement, cannot enjoy. In the launch of equity fund raising article, it highlighted that an ordinary dividend of $0.0361 was announced. This has since been distributed. The advance distribution is $0.0069, which is for the period of 1st Apr to 21st May, which is the period before the conclusion of the actual equity raising to ensure fairness. 1st Apr to 21st May is about 50 days, which is ......
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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