I have a Cap. I have a Mall. Ahh! Cap Mall.

I have a Cap. I have a Com. Ahh! Cap Com.

Cap Mall Cap Com. Cap Com Cap Mall.

Ahhhhh! Capitaland Integrated Commercial Trust!

Raffles City: Owned 60% by Cap Com 40% by Cap Mall. To become 100% owned by the combined entity.

On 22 Jan 2020 morning, the proposed marriage between Capitaland Mall Trust (SGX:C38U) and Capitaland Commercial Trust (SGX:C61U) was announced. The combined entity, Capitaland Integrated Commercial Trust will become the 3rd largest Reit in APAC and the biggest Reit in Singapore with 25 properties having a value of S$23 billion. Each Capitaland Commercial Trust unit will be compensated with 0.72 unit of Capitaland Mall Trust and 25.9 cents in cash.

I was rather surprised and shocked not because both reits are in my portfolio but because this is the third time within 6 months that my portfolio is affected by such Reits merger.