Anonymous

05 Jan 2021

∙

First Reit announces proposed rights issue at $0.20 per unit to raise $158.2million. This is more bad news for First Reit investors following a more than 20% drop. Anyone selling their investments?

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

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.

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I have invested in a few unit trusts and currently have gained about 20% in returns. During the covid19 situation, it went down to about 6% in returns. I thought of selling it and buying again to 'secure' the profit. Has anyone done it?

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Related Posts

I have invested in a few unit trusts and currently have gained about 20% in returns. During the covid19 situation, it went down to about 6% in returns. I thought of selling it and buying again to 'secure' the profit. Has anyone done it?

How do I sell or monetize the First REITs’ rights issue entitlements if I don’t wish to subscribe to it?

For the SIA rights issue, is it correct to say that investors can get some cash back if they decided to sell away their rights issue (C6L)?

I bought a REIT at its peak price. I think i may have bought it when it was overvalued. I bought this REIT when i just started investing and this is my first buy. Now it is dropping non-stop. What should I do?

Do you recommend first time investors to invest in REITs or the REIT ETF (fund)?