Shares & Derivatives
Cromwell European REIT – Property Acquisition and Private Placement 21-06-2019
By Marksman Investment Corner  •  June 23, 2019
Property Acquisition and Private Placement
Cromwell European REIT (CEREIT) went on a trading halt and announced their intent to acquire 6 new properties in France and Poland for a total of 247m EUR, which is expected to increase net initial yield by 7.4%. To that end, they have raised fund of 150m EUR for the acquisition via a private placement at 0.46 EUR per unit.

Post-placement, the share base is enlarged by 326,086,000 units (about 15%). Consequently, one can expect the distribution down the road to also drop by about 13.1% before accounting for the increase in DPU from the new properties.

You can read more about the acquisition here and here, and the private placement here and here.




Distribution for existing shareholders
To ensure fairness to existing shareholders, the distribution for period 1 Jan 2019 - 1 Jul 2019 will be paid out prior to the issuance of new shares. The stock will go...
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By Marksman Investment Corner
I am turning 30 this year, and I work as an engineer for my profession. I am also getting married to my lovely fiancee this month. In my off-hours, I enjoy reading more about investing/trading. I started my journey in investing/trading not too long ago (about 2 years ago?), with the biggest catalyst to dive into it being witnessing a sudden market crash and then realising, "Hey, these guys are overreacting! Maybe there is something to be had here." I experienced some downs and ups since then. My aim? Financial independence; Retire Early (FIRE) by 45.
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