Ascott REIT has gone cum dividend and will be paying out an advanced distribution or dividends per unit of 0.59 cents to 0.63 cents. The book closure date is on 5 Feb 2013. This advance distribution is to account for the private placement of shares.
In addition to the advance distribution, there is its normal distribution with book closure date on 5 Feb 2013 too. Each unit is entitled to 4.238 cents.
Based on both announcements of the distribution payments, Ascott REIT's dividends should range from 4.828 to 4.868 Singapore cents. Ascott REIT pays out its dividends on a semi-annual basis.
The yield is roughly around 6.2% if you ignore the dilutive effects of the private placement. OCBC has a HOLD call on this REIT with a fair value price of $1.36. Lim & Tan maintains its BUY call on this REIT.
I sold my entire holdings in Ascott REIT recently. Ascott REIT's price at closing today was $1.375.
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