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Frasers Centrepoint Trust Preferential Offering – A no brainer deal for me
By Dr Wealth  •  October 13, 2020
Frasers Centrepoint Trust (SGX:J69U) (FCT) unitholders take note – there is a Preferential Offering ongoing and it requires action from you! Here’s a quick write-up to bring you up to speed. What is a preferential offering? A preferential offering is also known as a non-renounceable rights issue. This means that the rights cannot be sold for cash if a shareholder does not want to pay for the rights to convert them to shares. Frasers Centrepoint Trust’s Preferential Offering The issue price is S$2.34 per new unit – only the unitholders would be entitled to this Offer and they must pay this amount in order to get the new units. Each unitholder is entitled to 290 Preferential Offering Units for every 1,000 existing units in FCT. For example, if you own 5,000 FCT units, you would be entitled to 1,450 units and you need to pay $3,393 to get all of...
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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