I wasn't interested in IREIT Global's IPO but I was interested in IREIT Global as it owns freehold commercial properties in Germany and has big name tenants. So, I have been keeping an eye on it, hoping to get in at a price that I thought would be able to deliver an attractive enough distribution yield that is more sustainable at the same time.
When IREIT Global planned a rights issue, I thought it was an opportunity to have a nibble. I came up with a strategy which I shared here in my blog on 3 July 2015. The plan was to possibly secure a distribution yield greater than the 8% promised at IPO when units were offered at 88c a piece. The plan involved the application for excess rights to round up odd lots.
To read more about the strategy, please see related post at the end of this blog post......