Cromwell European REIT - Got all the rights unit I applied for!

So I managed to get all the excess rights unit I applied for on Cromwell European REIT! As a shareholder having a measly position of only 1000 units from the IPO, I was entitled to 380 rights unit. I applied for 1620 excess rights units and got them all.

This brings my total holdings to a grand total of 3000 units - still small but significantly larger position. I estimate this bringing up indicative dividends up by about... 2.3x - 2.5x while they are distributing 100% of distributable income up till end of FY19 (as per their policy shared in prospectus back then).

* Calculated based on 1 EUR = 1.57 SGD

This came as a pleasant surprise for me as I do not expect to get all 2000 units. My last rights issue purchase was for Cache Logistic Trust, and even that was oversubscribed by about ~100%. It seems that this particular rights issuance was only ~5% oversubscribed.

Despite the increasing interest rate environment, DPU-dilutive effect of the purchase and the need to focus on paying off my borrowings or building up my emergency funds, I felt this was too necessary of an opportunity to pass up. It is icing to the cake that I get to pay $2 instead of $30 in commission to re-build my income portfolio. Heck, if I was in a better financial position, I would apply for a few thousand more excess rights units.

With that, although the this quarter has yet to come to an end, I update my portfolio for 4Q2018.

	Income Portfolio
	Counters	Units	Market Price (SGD)	Overall Value based on market price (SGD)	Allocation
1	Cromwell European REIT	3000	0.667*	2001	13.80%
	Growth Portfolio
	Counters	Units	Market Price (SGD)	Overall Value based on market price (SGD)	Allocation
2	Alliance Mineral Assets (AMAL)	50000	0.25	12500	86.20%
	Cash and other Assets
	Counters	Units	Market Price (SGD)	Overall Value based on market price (SGD)	Allocation
3	Warchest	1	0	0	0.00%
	Total SGD			14501	100.00%

* Calculated based on 1 EUR = 1.57 SGD

 Wishing everyone a Merry X-mas (or otherwise Happy Holidays) in advance!