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Anonymous
Here's what I don't get. Am I supposed to buy more or should I run when there are news like that that comes out?
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Vince
05 Jan 2021
Blog Owner at REIT-TIREMENT
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The proposed rights issue is indeed dilutive. As per the presentation, the fund would be used to repay the S$140 million difference between the amount of S$400 million debt and the maximum amount of S$260 million under the Refinancing Facility. Coupled with the recent master lease restructuring, First REIT fundamental has changed.
As you are the only person who knows most about your risk tolerance and conviction on First REIT, you should dyodd and make your decision.