You have 2 choice now

1. Pay up RM0.83 and get the new shares (RI)
2. Sell off the AMfirst-TR which already in the CDS account.

Reit distribution has tax exempted can be due to realisation of capital gain registered previously, capital allowances etc.

Distribution from income of reit from rental is still subjected to 10% of witholding tax, the ruling is still the same.

It is not about tax exempted mode or not, but has its own reason.

I no study about AHP, so I do not know the 3.7 cents TE is due to whatever reason.

It depended on individual view, and preference.

Reit
- Less hassle on dealing tenants, dealing with tenants sometimes if bad one, can be very troublesome
- liquidity, need money, can get the money as fast as 3 days
- can invest in low sum, added/reduce stake at everytime suit to one cashflow

Properties
- self manage, can do whatever on the property,
- get all the capital appreciation when selling
- investment value is not subjected to reit pricing aka market condition but directly to the property market pricing.

Yes, reit is about recurring income and sustainable income.

Back 2008 financial crisis, there is fear of refinancing availability across (due to credit market freeze) that sending reit price plunged, as well as property valuation may drop severely due to economy recession.

As most reit under some leverage level, refinancing availability, and cost is quite important aspect to look at as well.

NAV drop is not a major issue, but leverage or loan that matured that if cannot refinancing, means need to fire-sale the property to repay if matured without refinancing, and worst if fire-sale at wrong timing.
If happened on overseas reit during 2008 if not mistaken.

Every Kassets shareholders will be granted the same allocation of IGBreit + capital repayment, disregards local or foreign.

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Added on August 9, 2012, 2:05 pmIt is not about prioritize or not.

Every KA shareholders will be assured to be given the specific number of IGBreit + capital repayment, once the proposal completed.


This post has been edited by cherroy: Aug 9 2012, 02:05 PM

Yes. Kassets shareholder will be given a number of share of IGBreit as in the proposal.

The next question, this I cannot answer.

Kassets will be delisted once the proposal of listing of IGBreit + capital repayment completed.

As far as I know, Reit still under witholding tax 10%.

Single Tier applied across company (even private company) from 2013 financial onwards.

Reit if give out more than 90%, they are not subjected to income tax (tax exempted), so single tier issue is not applicable in this situation.

All tax credit is not able to carry forwards (or void).
So those company with tax credit and not giving out dividend before 2013, those tax credit will cease.
Quite a big loss of minority shareholders that not subjected to tax or at lower tax bracket one.

Axreit was at 15% yield as well.

Last time Axreit was giving out 14-15 cents, and price was Rm1.00 during financial crisis at its height time.

This post has been edited by cherroy: Aug 15 2012, 03:23 PM

You forgot we bought around the same time?

This post has been edited by cherroy: Aug 15 2012, 04:00 PM

LOL, old uncle reunion...

It depends.

Right issue normally associated with new acquisition that may boost income which to neutralise the effect of dilution. If the new acquisition indeed good in generating income, it may boost the share price or better DPU.

Also right issue may pare down the borrowing interest.

It depends how the money raised from the right issue being utilised upon.

Capital repayment need to go through court process, and generally won't be too speedy one.

Amfirst, you need to take into the account of newly right issue shares into consideration when calculating its yield.

Not mean it is good or not good to grab some.

Kassets future is totally known and clear cut now.

- Give IGBreit
- Special dividend + capital repayment
- delisted.

Total EPS/dividend by total new number of shares.

The right issue is 3:5 means share capital has enlarged 60%.

LOL, heart attack when see price down 2-3 cents, means stock market is not a place to be.

Yes, you can apply the excess share, but not guarantee will get or get the amount you apply.

There is extra page on the allotment form at back usually for excess share application.

Yes, you need banker cheque.