Earlier this year – Frasers announced that they were going to privatise Frasers Hospitality Trust at $0.70. Back then, I thought the timing was very convenient (I mean they chose to privatise a hospitality REIT right before COVID reopening). But in all fairness, I also thought that the $0.70 being offered was a very reasonable offer. Fast forward to this week, and imagine my surprise when the privatization was rejected by unitholders. The market was equally surprised. Frasers Hospitality Trust was trading at $0.705 right before the EGM, pricing in very little risk of rejection. After the results was released, it plunged 25% to intraday lows of $0.525. So… is Frasers Hospitality Trust a good buy? Frasers Hospitality Trust EGM Results (to approve Privatisation) EGM results are set out below. For what it’s worth, it came down incredibly close to the wire. Frasers Hospitality Trust needed 75% of votes to approve the privatization. They received 74.88%....