Another good thing is the newly acquired property in New Jersey is yield accretive

yes for local MY broker, dividend is kept as USD. My Manulife dividend is kept in my MCA of itrade CIMB...

This post has been edited by Vector88: Nov 14 2017, 08:07 PM

settlement in USD. i am using local broker..CIMB

MYR appreciated quite significantly over past weeks...SGD is now ard 3.06 against MYR... good chance to enter ?

This post has been edited by Vector88: Nov 20 2017, 09:11 PM

I use CIMB Malaysia...

Pros:
1) convenient (account opening, dedicated broker to execute right issues subscription etc)
2) easy to deposit and withdraw money from the Multi currency account that comes along with it, no TT charges... exchange rate is pretty friendly too

Cons:
1) every dividend u received will be charged Sgd 10 for admin and handling
2) brokerage charges higher at 0.42%

This post has been edited by Vector88: Dec 13 2017, 08:57 AM

I calculated before, the dividend handling fees is about 2% of my total dividend received per year. I can live with that for the time being without the hassle to go down to SG ...
Another aspect as I mentioned before, what if you kick the bucket one day ? imagine ur family members need to go through the hassle to settle the account matters in SG.

bro..it is not 2% of the value of the REITs, it is 2% of the DIVIDEND u received...

say the aggregated value of ur REIT is RM150k, assume 6% yield so the DIVIDEND u received in a year is RM9k, 2% is RM180 per year niah...one trip to SG easily cost RM180 liao, excluding the time/effort and cost of your annual leave if u r working...if u work out the % over ur REITs value, it is insignificant @ 0.12% only using example above

This post has been edited by Vector88: Dec 13 2017, 06:02 PM

Lets agree to disagree.. Just piece of advice for newcomer or youngster, dun be penny wise pound foolish, and time and effort cost money also, u will realise that when grow older

my reits all green today .... unexpected right?

SReit is surprisingly resilient for the past couple of days, seems immune to the dow jones rollercoaster ride...

For MY nominee account holder like me, cannot subscribe to this PO??

sigh...sounds like cannot...see below:


ELIGIBILITY TO PARTICIPATE IN THE PREFERENTIAL OFFERING
Eligible Unitholders. Only Eligible Depositors (as defined below) and Eligible QIBs (as
defined below) are eligible to participate in the Preferential Offering.
Eligible Depositors. “Eligible Depositors” are Unitholders with Units standing to the credit
of their respective securities accounts with The Central Depository (Pte) Limited (“CDP”) as at
the Books Closure Date and (a) whose registered addresses with CDP are in Singapore as at
the Books Closure Date; or (b) who have at least three Market Days prior to the Books
Closure Date provided CDP with addresses in Singapore for the service of notices and
documents, but exclude, subject to certain exceptions, Unitholders located, resident or with a
registered address outside of Singapore. Eligible Depositors will be provisionally allotted with
New Units under the Preferential Offering on the basis of one New Unit for every 10 Existing
Units then standing to the credit of their securities accounts with CDP (fractions of a New Unit
to be disregarded).
Eligible QIBs. “Eligible QIBs” are qualified institutional buyers (as defined in Rule 144A
under the Securities Act) that meet certain requirements which will be specified in the
Instruction Booklet (as defined below).
Foreign Unitholders. The making of the Preferential Offering may be prohibited or restricted
in certain jurisdictions under their relevant securities laws. Thus, for practical reasons and in
order to avoid any violation of the securities legislation applicable in countries (other than
Singapore) where Unitholders may have as their addresses registered with CDP, the
Preferential Offering will not be extended to Unitholders whose registered addresses with
CDP are outside Singapore, and who have not, at least three Market Days prior to the Books
Closure Date, provided CDP with addresses in Singapore for the service of notices and
documents. Unitholders whose registered addresses with CDP are outside Singapore and
who wish to participate in the Preferential Offering will have to provide CDP with addresses in
Singapore for the service of notices and documents at least three Market Days prior to the
Books Closure Date. Details of the Preferential Offering and procedures for acceptance of
and payment for provisional allocations of New Units under the Preferential Offering by
Unitholders whose registered addresses with CDP are in Singapore will be set out in an
instruction booklet to be despatched to Eligible Unitholders in due course (the “Instruction
Booklet”). A further announcement on the despatch will be made by the Manager at the
appropriate time.
For the avoidance of doubt, even if a Unitholder has provided a Singapore address as
aforesaid, the offer of New Units under the Preferential Offering to him will be subject to
compliance with applicable securities laws outside Singapore.
Notwithstanding the foregoing, the Manager may in its sole discretion determine whether to
allow the participation in the Preferential Offering by Unitholders who are located, resident or
with a registered address outside of Singapore, subject to and in compliance with the
applicable securities and other laws of the relevant jurisdiction.
The New Units to be offered under the Preferential Offering have not been and will not be
registered under the Securities Act or the securities laws of any state or jurisdiction of the
United States, or under the securities laws of any other jurisdiction, and may not be offered,
sold, resold, granted, delivered, allotted, taken up or transferred, directly or indirectly, in the
United States except pursuant to an exemption from the registration requirements of the
Securities Act and in compliance with applicable state law

My broker in CIMB just confirmed that I can subscribe to the PO
Just a lift of the finger to whatsapp my broker and everything is done

SGD 20

no other fee except everytime u receive dividend, sgd 10 is charged for the handling/admin fee

Yup, still considering the local SG brokerage option. At the moment, I am ok with nominee acc with iTradeCIMB. Both has its pros and cons...

depends on how many counters u have, mine one hand also can count, so it is manageable.

No, this is incorrect. U can keep ur dividend or proceeds in SGD. ItradeCIMB has a Multi Currency account attached to the trading account.

This post has been edited by Vector88: May 27 2018, 11:56 AM

which acct is expensive ? u mean the itradeCIMB ? If yes, it is not expensive at all, there is no fee to or min. balance to maintain the trading or MCA account

Btw, can't the Rights issues or Preferential offering be done online or via broker ? If need to travel down to SG for EVERY RI or PO, it will be a super big disadvantage for working ppl like us (not just the cost of travel, but rather the ability to take leave from working within short notice) ... I am sure there is a way to work around this ?

This post has been edited by Vector88: May 26 2018, 06:17 PM