I think Saizen REIT shareholders have endured a roller coaster ride since listing. For those that bought low or current there are good news.
This week it was announced that the REIT is considering an offer to purchase their residential asset.
There was this announcement today.
The REIT have decided to accept the offer to buy at an NAV, which is 36.7% higher at last trading price.
After this, the REIT will likely distribute the proceeds as special dividend. What is left will be more of a shell company.
For those investors that have bought at recent or historical prices, this represents a great win, especially for those CNAV investors as well that pick this stock due to below NAV, and for the investors looking for high dividend yielding companies like those listed on my Dividend Stock Tracker
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
Xavier
Saturday 31st of October 2015
In this case, what should I do or what can I do with Saizen Reit? Do I wait for the special dividend and continue to hold Saizen Reit?
Kyith
Saturday 31st of October 2015
it will be better to find out more about the manager plan. the message doesn't seem to say they are delisting. so would they want to manage asset again? or is this a cash shell. now why would investor invest in a cash shell. unless they trust the management and would fund their next expedition.