I just sold all 7,011 shares of Frasers Commercial Trust (FCOT) in SRS portfolio today on 13 Feb 2020.
I bought 6,800 shares at $1.47 in Apr 2019 and collected 4 rounds of dividends - 2 rounds in scrips dividend shares and 2 rounds in cash. Total returns in 10 months is $2.1k or 21%.
Main reason for selling is due to the merger with Frasers Logistics & Industrial trust (FLT) . As I already own 12,000 shares of FLT in CDP, I do not want another 8,644 shares of the same thing in SRS after merger.
Another reason is that FLT do not have scrip dividend scheme, which is an inducing factor when I bought FCOT. Original intention is to collect scrip dividend shares for the long term enjoying 6.8% yield compounding and reinvestment.
Third reason is the limited upside of FCOT till delist. Instead of waiting for the merger to complete, why...