Due to the legacy reasons, I have FCT holdings scattered amongst CPFIS, CDP, and SCB.
Recently, there was a preferential offering of FCT at $2.05. At the time this was announced, there was a tariff related market crash and the share price dipped dangerously close to $2.05. This was good news to those that applied for excess rights, because the market crash meant less interest in the rights.
As a result, I got all the excess rights I applied for:
Entitled: 2295
Excess: 4205
Total: 6500
Since the price of the preferential offering was $2.05 per share, and the price is currently $2.25, this was basically 'free money', $1300 to be exact.
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