Optus Centre, Australia owned by Aims Apac Reit Happy Vesak Day! I spent this holiday morning strategizing my June 2023 cashflow and thinking about how to deal with the Aims Apac Reit's preferential offering. On 31 May 2023, Aims Apac Reit (O5RU.SI) announced an equity fund raising of about S$100m, consisting of S$70m in private placements to institutional investors and a non-renounceable preferential offering to existing shareholders for S$30m, at a ratio of 35 units for every 1,000 units owned at $1.189 per unit. Following the news, the share price of AA Reit tumbled from $1.31 to $1.22 after halt of trading was lifted. This is unthinkable as its share price recently hit $1.43 in May after announcing a strong set of quarterly results and a near-term record quarterly dividend of more than $0.026. As of 1 June 2023, the private placement has closed at S$1.214 per unit,...