by: Tam Ging Wien
All examples and stocks quoted here in this article and on the ProButterfly.com and REITScreener.com site are for learning purposes; it does NOT constitute financial advice or a Buy/Sell recommendation. Contents are reflective of personal views and readers are responsible for their own investments and are advised to perform their own independent due diligence and take into account their own financial situation. If in any doubt about the investment action you should take, you should consult a professional certified financial adviser.
First REIT unitholders got the unexpected news just days before the new year that the management intends to raise funds via a dilutive rights issue at 20c per unit to recapitalise the REIT – a steep 50.0% discount to the closing price of 40.5c just the day before the announcement.
The action is expected to issue on a pro rata basis of 98 rights for every 100 units or a 98%...
