Did a full divestment of the MCB -- SIA MCBz300608. The divestment was the actual SIA MCBz300608 share but the locked-in stock for it. The divestment price for the locked-in stock was S$1.04/share. Couple with the first divestment in Aug 2020 at price $0.98/share, the nett divestment price works out to be S$1.01/share. As a result of this divestment, capital gain was +1.27%. At the same time, the locked-in share also received dividend and the dividend return so far was +4.8%.
As known, the SIA MCB is a zero coupon bond with an expected conversion price of S$4.84/share upon full maturity. The move in August 2020 was a strategic one to test out a swap and lock-in to another stock (in particular one with constant dividend) will it provide a better return in the long run.
The divestment now doesn't mean the test has completed as presently am doing a major...