Since I am mainly using another traditional trader securities custodian account of an international bank to hold Capitaland Ascendas REIT ("CLAR"), I am only able to see my rights issuance results this morning on 24 April 2026 (strange that in this day and time of Generative agentic AI, they still need 1 full day lead time to process for individual beneficial owners allocation after the main exercise completion on the morning of 23 April 2026.). Anyway, my total rights is 532 units and managed to get excess of 2,468 units. Total of 3,000 units. Guess not too bad given the overwhelming excess demand for CLAR excess units. Issuance price is S$2.35 per unit and closing market price as at 23 April 2026 is S$2.56 per unit. Hence every 1,000 units allocated gives immediate profit of S$210. Consequently +S$630 of capital gain from this CLAR fund raising exercise. Guess, participating in rights issuance is better than buying Toto from Singapore Pool. My greatest Toto win after 3 years is only a miserable S$85 from a System 7 ticket (not to mention the few hundred dollars I "invested" into buying the Toto).
So how did you folks fare for this CLAR rights issuance? Hopefully, you folks got what you targeted. Ok, that's all from me today. Have a great weekend ahead!
Congratulations on getting the excess shares and more importantly, profitable now!
ReplyDeleteHuat ah!
BFIRE
Hi Bro BF, Huat together Ar! Let’s hope Straits of Hormuz open up soon! :)
DeleteMy rights entitlement was 112 units and applied for excess units to round up to 500 units but was granted zero excess units. Great disappointment.
ReplyDeleteHi Leeteo, dun be too disappointed since at least you got the rights entitlement at a good discount, try again for next rights issue excess in your REITs…..long term will always get such opportunity. Sometimes, I also missed such excess during rights issuance.
DeleteCongratulations! Mind sharing how many excess shares you applied for? My rights were 207 shares. Subscribed to them and applied for 2993 excess shares. Allocated a miserable 76 excess shares. Did not even get odd lot rounded. Also using a custodian account with an international brokerage. From what I searched online, seems that allocation is not determined by brokerage.
ReplyDeleteHi Jerry, just lucky this round for me I reckon. I applied for around 7,000 plus units excess. Indeed, allocation is more of by CLAR consultants/bankers handling this exercise instead of Brokerage.
DeleteSaying that, I think Brokerage got some sway since IF we go by only 75% subscribed for the rights entitlement, the remaining unapplied will be confirmed “reserved” for the excess for their clients under them. Also, such nominee brokerage can easily plan to apply for excess based on the total excess applications on top of the reservation to ensure no downside risk to themselves.