Based on my 12 months projected D&I spreadsheet, July is one of those quiet month that I did not expected much income from SGX. However, I have a surprise advance dividend payout from Cromwell and trading gain from portfolio rebalancing which boost my total passive income to above 7K.
In July, I have swapped my preferred BPYPP to its mother share BPY. BPY is a REIT and its parent company is the largest asset management company BAM. The reason for the swap is that preferred BPYPP actually incurred a 30% withholding tax despite being registered in Bermuda. However, its mother share BPY is some sort of LP/REIT that is registered in Bermuda. I have been holding BPY for a while and for some reason , its witholding tax is always less than 10%. Since the yield of BPYPP & BPY is about 6+% , it makes more sense to hold BPY...