Shares & Derivatives
Why I am against the Mapletree Commercial Trust Merger
By Alpaca Investments  •  May 8, 2022
Why I am against the Mapletree Commercial Trust merger Make your vote count First off, it appears that many unitholders somehow hold the defeatist mentality that voting is futile (sounds familiar?), because this is likely a done deal. But this cannot be further from reality. The Sponsor (which holds 32.61% of units) will have to abstain from voting on the merger, thus the outcome of this will be decided by both institutional and retail investor alike – yes, people like you and me. For Resolutions 1, 2 and 3, only a simple majority (>50%) is required to pass the resolutions, so it is really up in the air and could go either way. Therefore, remember to fill up your voting forms (that you should have received by mail) and vote for what you want! I love direct democracy! Increased leverage, increased risk MCT’s current leverage stands at ~33%, which is very safe and reasonable in my view....
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By Alpaca Investments
I'm currently an undergraduate studying accountancy in one of the local universities. My ideal career would be either in private equity or venture capital, as the analytical process involved greatly interests me. I believe in working hard, while concurrently putting our money to work. I currently have a low five-figures portfolio, accumulated from working part-time jobs, my National Service allowance and my savings.
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