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Croesus RT
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angmohlin
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17-Oct-2013 21:17
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The Manager shall make distributions of at least 90.0% of distributable income to Unitholders after two years 100% distributions. As at 20 Aug 13 market data, S-Reits dropped 20.3%, STI dropped 8.9% but CRT only dropped 6.5%. Investors have taken well to CRT. In the last two months the Trustee-Manager has conducted investor presentation in Hongkong, Malaysia & Japan. |
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angmohlin
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16-Oct-2013 22:52
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Fixed rate financing for 5 years (no interest rate risk & no refinancing risk for 5 years). The yield higher than Singapore Reits. As at 20 Aug 13 market data, S-Reits dropped 20.3%, STI dropped 8.9% but CRT only dropped 6.5%. Investors have taken well to CRT. |
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angmohlin
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16-Oct-2013 21:57
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Croesus RT at current price of 85 cents has offered about 8.69% yield. NAV 89.75 cents. |
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