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!
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.