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Recent Investment Stuff – Buying & Selling
By Turtle Investor  ā€¢  June 20, 2019
Frasers Centrepoint Trust – Preferential Offering

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.

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By Turtle Investor
Hello there! I am Kevin and the author behind the Turtle Investor blog. At age 37, I hit CPF Full Retirement Sum (FRS) of $176,000 on the last day of 2019, twelve years after graduating from university. I am married and owns a 4-room apartment. I continue to be gainfully employed to build up my portfolio and provide my loved ones with better lives. Leaving everything behind and transitioning to a digital nomad life in Bali remains an option but not something that Iā€™m actively pursuing now šŸ™‚
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