S-REIT Investment Blog: Executing FCOT CPPU Strategy:
'via Blog this'
It has been a while since I updated my blog. A number of things happened which is quite significant but I haven't have time to update everyone. This is one of them.
I applied to convert my CPPUs to ordinary shares but did not expect the manager to exercise their rights as well. Thus, the final verdict is that I am one of the few who are still holding on to my CPPUs. To cut the long story short, it did not turn out well for me.
I am just glad that I am still holding on to my CPPUs and I have not made losses. In fact, I will be receiving coupons of 5.5% from them which is still not too bad. Just that during the next round, I will apply to convert it again. The manager may choose to redeem it as well and that is something which we can't control. Thus, I may end up holding on to this CPPU forever.
My response is that I will be going to apply to convert it once every three months and see what the manager will do. It is going to be a long battle between the remaining CPPU holders and the manager unless the manager propose something to us. If not, I will just take this as a 5.5% bond investment under my portfolio. Not bad still right? :-)
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