anyone got the axreit check d?

mine also around 60% plus.

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Added on June 23, 2009, 9:55 amTuesday June 23, 2009
YTL to subscribe to Starhill REIT units

PETALING JAYA: YTL Corp Bhd will subscribe for up to 75% of the total rights units issued by Starhill Global Real Estate Investment Trust (REIT) under its proposed one-for-one basis.

In a statement to Bursa Malaysia yesterday, the company said it had entered into a sub-writing agreement with DBS Bank Ltd, Merrill Lynch (Singapore) Pte Ltd and Credit Suisse (Singapore) Ltd for the purpose.

Starhill Global REIT, which is listed on the main board of Singapore Exchange Securities Trading Ltd, has proposed to issue 963.72 million new units at issue price of 35 Singapore cents per unit.

As at June 22, YTL Corp has an aggregate deemed interest in 256.1 million units, representing about 26.6% stake in Starhill Global REIT.


buying stareit will get expouse to starhillglobal?

This post has been edited by ante5k: Jun 23 2009, 09:55 AM

indeed, i'm waiting for that too.

they will deduct it for you. you dont have to do anything except cash in the checks.

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Added on July 24, 2009, 11:08 pmi've been around, just didnt touch reit for a while.

This post has been edited by ante5k: Jul 24 2009, 11:08 PM

regarding the NAV, i think , for example, if a company go under, property sold, the money will be used to pay off the loan first, only the rest returned to shareholder.

by that, it means if a company have NAV higher then the current share value, we need to take into consideration its borrowings/gearing.

example, if the current NAV at RM1.00 per share and gearing at 40%, share price at RM0.90, if company goes under, shareholder get back only RM0.60. Thua losing additional RM0.30 even though trading RM0.10 below NAV per share.

it's always, bondholder first, shareholder second.

do correct me if i'm wrong.

thank you for the corrections

i just got back to office to see also, see the volume..

hmm i'm surprised indeed. or trying to raise price for placement.

AXREIT's placement will be priced at RM1.66 << might as well offer to existing shareholder at this price. i would have bought some.

a while bac there was a website for sg reit like the mreit. anyone have the link?
planning to shift some investment to sg

wants to check out the yield first.

This post has been edited by ante5k: Aug 30 2009, 11:24 PM

thnks for the link.

suntec.....gonna take a look at its property portfolio.

my axreit also not yet arrive to PD

anyone here already in sg reit?

because when nearing announcement date the prices will increase accordingly.

example:

26/8/09 Ashare @ RM1.00
28/8/09 Ashare annouce dividend of 4 cents with ex- date at 2/9/09
29/8/09 Ashare @ RM1.02
31/8/09 Ashare @ RM1.04
1/9/09 Ashare @ RM1.05
2/9/09 Ashare @ RM1.05 market close
3/9/09 Ashare @ RM1.01 market open

another date you need to know is Pay date :- the day the checks are sent out from the office

do correct me if i'm wrong

This post has been edited by ante5k: Sep 2 2009, 05:09 PM

I got my axreit check

if it is a nominee account, normally they will credit it into your trading account, you wont receive the check.

Try giving them a call and check on the status, but wait for a few days. The check might be in the process of clearing.

Yes, for REIT the check you received is already deducted by 10% withholding tax. Therefore you do not need to report the income in the income tax form.

i dont include my reit income in my tax form.

my guess is because of the new placement shares.

i just realised axreit recent annoucement stated that its paying more dividend than it earns .....