First Reit Rights Subscription - Result is out

I just checked my CDP for the First Reit rights subscription result.  It turns out to be a pleasant surprise !!

Before the result was out, there was news released about the almost full subscription for this rights excercise and I did not have much hope to get any excess allocation to me. However, I am lucky to get it afterall. Hence, below is the summary on the total First Reit shares I am now holding :



Open market purchase : 4000 shares (4 lots)

Entitled shares through rights subscription : 5000 shares (5 lots)

Additional shares obtained through excess rights subscription : 1000 shares (1 lot)

Total First Reit shares bought : 10000 shares (10 lots)




A happy ending for investment year 2010 indeed !!   :=)

2010 year-end thoughts

It is almost Christmas and a new year is about to begin.

Looking back at this year, it has been wonderful to me so far. First of all, I formalised my passive income investing plan and it is progressing well. Secondly, I managed to increase my average monthly income from S$36 to S$147, and expecting it to hit S$200 per month. Although it is still a far cry from my target plan of S$3000/mth, I strongly believe when I do the right things and the things right, this target is achievable.

Looking forward into next year, I plan to accumulate blue-chip stocks into my humble portfolio slowly. As usual, I will update my portfolio once they are bought.

At this point of time, I will like to wish all a Merry Merry Christmas and a Wonderful New Year !!  :=)

First Reit Rights Subscription

Finally, the long awaited moment has arrived !!

Today is the second day opening for First Reit rights subscription via ATM. I proceeded to subscribe my 5000 rights as per planned.  On top of that, I am trying my luck for an additional 5000 excess rights, hope I can be lucky to get at least 1000 shares out of it.  Looking forward to the right subscription announcement day !!  :=)