- CLAS is offering shareholders the rights to buy 29 new units for every 1,000 units held, at S$1.025 each.
- It will also pay a distribution of 0.664 and 0.724 cents per unit (advance distribution), expected to be paid on 11 Oct 2023.
The CapitaLand Ascott Trust (CLAS) preferential offering will offer entitled unitholders the right to buy 29 new units at S$1.025 each for every 1,000 units held.
What happened?
Many Singapore REITs have launched equity fund raising or rights issues recently.
Earlier, we saw that AIMS APAC REIT completed an equity fund raising to raise about S$100 million.
CapitaLand Ascott Trust (CLAS) has also announced a preferential offering which offers unitholders the right to buy 29 new units for every 1,000 units held, at S$1.025 each.
If you are a CapitaLand Ascott Trust unitholder and wondering what you should do about the preferential offering, read on to find out!
What you need to know about CapitaLand Ascott Trust (SGX: HMN) Preferential Offering
