AIMS APAC REIT (AA REIT) suffered a correction earlier this month when its Manager (AIMS Financial) decided to unload shares amounting to around 10% of the float via private placement.

The private placement was done at 1.35, which is a significant discount from the last traded price 1.48 prior to the placement.

The reason given by the Manager was ostensibly to increase the liquidity of the share.  Seems more like a blatant cash grab to me.  Perhaps investors should have foresaw this cash grab when AIMS acquired the AA REIT shares from AMP Capital earlier this year, and became the sole sponsor. 

Expectedly, the market reacted by selling down the stock, and it is now hovering pitifully around the 1.35-1.37 mark, wiping out a good 30k off my AUM.

If there is a silver lining, it would be that this divestment is not the same as