No surprise here, since the market has anticipated investors to vote in favour of transiting CapitaLand to CapitaLand Investment (CLI).  So far, the market has been receptive of the transition, as inferred from the rise in CapitaLand's stock price post-announcement. CapitaLand management and board released a Q&A document this morning [announcement]. To me, the most interesting question in the list was why did CapitaLand management chose to distribute in specie CapitaLand Integrated Commercial Trust (CIC) units to CapitaLand shareholders instead of other REITs (AREIT, ART etc)? Have a read of the document if you are keen to find out the answer....