Current Price on 6th Feb 2013 = $1.335
FCOT has published their results which shows improvement in its yield. However, the bulk of the yield improvement will only kick in in the next quarter. Current yield is at a low of 4.73% while I am predicting a 5.81% yield in the next quarter.
The yield has fallen to a very low level which means there are many more REITs which are trading at a higher yield. Even at 5.81% which is the expected yield, I think that it is low enough for me to sell it off. And that is what I did.
In my earlier post, I have executed my "FCOT CPPU strategy" where I am investing in its CPPU and converting it to ordinary shares whenever possible. This is probably the only reason why I am still looking at this counter. I have to keep to my investment strategy as far as possible.
Nevertheless, I am grateful to FCOT who has given me much dividends over the past year. Its capital appreciation since 2011 is also terrific. (I bought it at $0.82 in 2011) Thus, to realize that profit is really shiok.