Sell @ $1.795
A slight loss based on cost but profitable if include 1 dividend payout. 😀
FCT announced a proposed acquisition (Changi Point) @ $305m yesterday. Funding will be by Debts + Equity and will be DPU accretive. According to David, FCT had used Private Placements for all New Equity Fund Raising so far ie. No Rights Issues. Altho' it'll be usually at a discount, what's more important is their announcement that it'll be yield accretive. Still, Funding have not been finalised and I'd prefer a Rights Issue….
As it's one of my top holding, I have decided to pare down my holdings a bit as part of my Risk Mgmt… plus, it gives me the option to execute Sam's "Shorting" strategy (Sell Hi – own holdings, Buy Lo) if opportunity arises.