Two main transactions this month; both tied to dividend
I purchased 40,000 shares in CDLHT, in anticipation of the discounted preferential offering, which finances the interested party transaction, Moxy Clark Quay. The Moxy purchase is a poor use of the REIT’s capital resources; City Developments Limited (CDL) pushed it through, to benefit the parent company. The independent directors of the trust have fallen short in their roles, as a buyback in the stapled trust would yield more, in NAV and yield. Moving forward, CDLHT will be a 7% dividend yielder, at such depressed trading prices (0.6 times book value).
Asian Pay TV Trust
I bought back what I sold; no blockbuster results expected, just the usual 0.8 Singapore cents dividend, which equates to an 11% yield.
Gearing up for $130,000 Dividend
My annual dividend is now expected at $130,000 per year. Dividend yielders are now trading at high yields; this
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