CapitaLand Investment Management (CLIM) has announced the distribution of CapitaLand Ascott Trust (CLAS) units to its shareholders. However, it should be noted that not all CLAS units will be distributed. Prior to the distribution, CLIM owns 37.53% of CLAS and CLIM is going to distribute 8.48% of CLAS to shareholders. Post distribution, CLIM would still own 29.05% of CLAS. The distribution ratio for this exercise is 0.057 CLAS Units for every 1 CLIM share held. For example, you will receive 57 CLAS units if you own 1,000 CLIM shares. How will it affect CapitaLand Investment shareholders? First, the distribution ratio of 0.057 CLAS units for every 1 CLIM share held may result in shareholders receiving odd lots of CLAS units. This is because CLAS lot sizes are typically in multiples of 100, and the distribution ratio may not result in an exact multiple of 100 for all shareholders.