Monday, 25 November 2019

Mapletree Commercial Trust rights issue

I've been  holding MCT since IPO but I had never bought any new shares from the secondary market. Any additions to my holdings were through a previous rights issue (I think) + Scrip dividend from long ago (I think they stopped offering scrip dividend sometime back for this counter)

Results of the rights issue are in:  

806 allocated + 1839 excess rights at $2.24. Good opportunity to round up my holdings as I had odd lots from Scrip dividend.

Current price is $2.40. For some reason the price briefly dropped below the rights price but seems back to normal now. 

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