In May, I blogged about trying to add Aims Apac Reit but failed. In the end, I used the funds to nibble Frasers Centrepoint Trust instead. Today I decided to try my hands on adding Aims Apac Reit (AA Reit) again and succeeded. This will increase my holdings to 32,000 shares, making AA Reit the largest constituent of my investment portfolio.
Why did I want to add Aims Apac Reit even though it is not the strongest and best industrial Reit?
1. To reinvest dividends collected from Aims Apac Reit.
In recent quarters, there are no dividend reinvestment plans for the dividends distributed by AA Reit unlike last year. I have collected more than $1k of dividends from AA Reit and am determined to buy back units myself during a time when there is 13% discount from NAV to achieve the compounding effect by putting...