WebFeb 27, 2024 · Even CapitaMall Trust had conducted a highly-dilutive rights issue in February 2009 at the height of the Global Financial Crisis. The retail REIT’s rights issue involved the issuance of 9-for-10 rights shares to raise S$1.23 billion at an issue price of S$0.82, a sharp 43.4% discount to the REIT’s closing price of S$1.45 back then. 8. WebOct 1, 2024 · Further to the announcements dated (a) 19 February 2024 in relation to the results of the renounceable and non-underwritten rights issue (the "Rights Issue") of 791,062,223 new units (the "Rights Units ") in First Real Estate Investment Trust ("First REIT ") and (b) 1 March 2024 and 20 May 2024 in relation to the use of proceeds from …
First REIT update – Would I subscribe for the Rights Issue?
WebFeb 7, 2024 · First REIT announces a massively dilutive rights issue at 98 rights units for 100 units (at $0.2 per unit) They also dropped a bombshell that the refinancing exercise … WebJul 9, 2024 · There are two types of rights issues – renounceable and non-renounceable. Renounceable rights mean that you can sell off your entitled rights on the market if you … chc marilena hotel
First REIT’s 80% drop explained: Will I buy this REIT at $0.22?
WebPurpose - This is the first REIT paper to seek to empirically examine potential influencing factors on the discounts and underwriting fees of Australian REIT rights issues. Design/methodology/approach - Using a methodology similar to Owen and Suchard, and Armitage, a sample of 62 A‐REIT rights issues during 2001‐2009 is analyzed. First REIT announces a massively dilutive rights issue at 98 rights units for 100 units (at $0.2 per unit) They also dropped a bombshell that the refinancing exercise is to avoid an imminent default of $196.6 million repayment obligation which matures on Mar 1, 2024 . See more First REIT is a Singapore listed REIT that owns hospitals in Indonesia. It’s sponsored by the Lippo group in Indonesia, which is owned by the Riady family. A brief … See more A lot to digest I know. But that’s what Financial Horse is here for right? There are 3 big things that you need to understand about the First REIT saga: 1. Pandemics are not … See more I’ve always viewed these kind of REITs (small cap with a weak sponsor) like Russian roulette. 5 times out of 6, nothing goes wrong with the … See more The Edgehas a pretty good take on what happened: When First REIT first listed, assets were sold into the REIT at what now appears to be inflated prices. In addition, rents were … See more WebDec 28, 2024 · The manager of First Real Estate Investment Trust (First REIT) on Monday announced a proposed rights issue to raise gross proceeds of around S$158.2 million ($119.1 million), which it said was … custom stopwords python