CapitaLand Ascott Trust (CLAS)' proposed acquisition of lyf Funan is expected to be accretive to its distribution per security (DPS). What happened?  Singapore REITs have been on a buying spree recently. Earlier, we saw CapitaLand Integrated Commercial Trust (CICT) acquiring a stake in ION Orchard.  More recently, CapitaLand Ascott Trust (CLAS) has announced the acquisition of lyf Funan. An Extraordinary General Meeting (EGM) relating to the transaction will be held on 18 November (Monday). If you are a CapitaLand Ascott Trust holder, read on to find out more about the transaction. CapitaLand Ascott Trust to acquire lyf Funan CapitaLand Ascott Trust (CLAS) has entered into an agreement with Ascott Serviced Residence Global Fund (ASRGF) to acquire lyf Funan Singapore at an agreed property value of S$263 mn. CLAS’ sponsor, The Ascott Limited (Ascott), holds a 50% stake in ASRGF. Upon completion of the proposed acquisition, which is expected in 4Q 2204, CLAS will enter into a master lease with Ascott for lyf Funan Singapore....