Bought 37,000 shares of FIRST REIT on 17 Jan at $0.99.
Total numbers of FIRST REIT shares owned increased to 52,000 shares.
Similar to Keppel Corp which i bought on 11 Dec (Link), this 37,000 shares of FIRST REIT is for short term.
One of the key reason why this is for short term only is because the source of this capital amount is obtain via selling off my Golden Goose CapitaMall Trust (Link).
First REIT had released the 4Q Financial results yesterday after market closed at $1.03
Reasons for buying:
1) Dividend remain equal at 2.15cents/shares.
This is a juicy 8.5% dividend yield based on today closing price of $1.01
2) As a short term buyer, I do not need to scare of rights issues given that Chinese New Year is less than 3 weeks away, there is a low chance FIRST REIT will announce a rights issue soon. So,...