Basically a non-renounce-able rights issue of 31 for every 1,000 held. Applied for 1,000 (including allocated) and received 600 units.
The process is pretty simple. Basically, they will send you a letter which you don’t even need. Go to the ATM and apply. In my case, I applied for 1,000 units so they deducted $2,350 ($2.35 x 1,000) + $2 (fee) from my POSB savings account.
Because the new units will be listed on 18-Jun-2019, I tried checking both my bank account (for any refunded money) and CDP account the night before (it was close to midnight) but no updates there. On the morning of 18-Jun-2019 around 7:30am, I logged-in to my CDP account see the allocated units reflected but still no sign of refunded money for my 400 units that I didn’t get, until later in the day itself.
New Addition To Dividend...