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Anonymous

24 May 2022

βˆ™

General Investing

What happens to my stock after a merger? (i.e. MCT merging with MNACT)

I have purchased N2IU stocks via SC Trading and recently saw news that N2IU will be merging RW0U (i.e. MCT merge with MNACT)

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Have not encounter such situations and wanted to ask if anyone would know what will happen to my stocks?

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Thank you!

Discussion (6)

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Richard

30 May 2022

take care of oneself at the rest will be taken care

Sell MCT as it is diluted after merger

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Hi, N2IU is MCT not MNACT, which is RW0U.

For N2IU, your MCT shares will change to the name MPACT (Maple Pan Asia Comm Trust). Stock code remains the same. Basically nothing changes, just that MPACT will have 15 more properties under it, which hopefully leads to higher dividend.

  • You need not do anything.
  • Your MNACT will convert to MCT.

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BUT

  • You will have odd lot....

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