I received both the physical notice of election (NOE) forms last evening.
Mapletree Logistics Trust (SGX: M44U) or MLT, has announced last evening that it is extending the deadline for submission to 5.00 p.m. on Monday, 26 August 2024.
If you still have not received the hardcopy NOE, you may complete the soft copy NOE form and email the completed NOE to Boardroom by the new deadline. The soft copy NOE form and Boardroom email address can be found in the official announcement here.
At the time of writing, the submission deadline for Mapletree Industrial Trust (SGX: ME8U) or MINT, remains 5.00 p.m. on Monday, 26 August 2024.
I decided to receive full distribution value in new units primarily because I think both REITs are resilient and should perform well in the long-term. Additionally, the new unit issue prices are at a good discount to the current trading prices.
For MLT, the issue price of $1.276 offers a discount of about 2.6% to the current price of $1.31. The discount is even greater for MINT. With a current trading price of $2.38, the issue price of $2.209 represents a discount of about 6.6%
Since I intend to hold the REITs for the long-term, I am not concerned about odd lots. Even if I need to liquidate them, I can easily sell the odd lots with FSMOne.
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