Asian Pay TV Trust  ("APTT") used to be the market darling for income investing investors which pays over 8% in dividend yield from IPO. However, APTT has since dropped from its IPO price of S$0.97 (in 2013) per unit to the current S$0.116 per unit as at 19 August 2022. This is a whopping 88% plunge in market valuation for investors did not bail out and are still holding on to APTT. In short, the high dividends then were not sustainable. I have made close to 46% return from capital gain and dividends back in its more glorious days under the Macquarie Infrastructure Fund. But have since lost most of it after accumulating new units from the IPO spin off. I even accumulated more units when its price drop after IPO. But eventually, I was forced to cut loss and sell off at various prices ranging from S$0.60 to S$0.80