Frasers Commercial Trust currently makes up 1.93% of my stock portfolio.
I am saying goodbye to Frasers Commercial Trust not because I am selling it. This is one REIT that has been paying me consistent dividends no matter whether the economy is good or bad. Frasers Commercial Trust has completed their Asset Enhancement Initiative last year and their assets should start to generate revenue for them this year.
Last year, Frasers Logistics and Industrial Trust and Frasers Commercial Trust announced their merger. If you are keen on the results of the annual general meeting, 98.61% are for the merger while 1.39% is against it.
The last day of trading for Frasers Commercial Trust is on 9th April 2020 and I have received my cash payout on Friday, 24th April 2020. If you are a Frasers Commercial Trust unitholder, you would have received
- S$0.151 in cash for each unit; and
- 1.233 new Frasers Logistics and Industrial Trust units per Frasers Commercial Trust unit
Goodbye Frasers Commercial Trust!