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Investor education starts for Mapletree Greater China Reit
The IPO is expected to raise about $1.5 billion, with up to half of that going to cornerstone investors.
http://www.financeasia.com/News/330288,i...-reit.aspx [Article]
Personally, the most interesting paragraph is the details on Management remuneration -
This may be highly attractive to yield investors since it discourages dilution to the DPU - both MIT and MCT have reported strong growth in DPU since listing. It may also compete with other fund manager models like ARA.
(Not Vested in MGCT)
The IPO is expected to raise about $1.5 billion, with up to half of that going to cornerstone investors.
http://www.financeasia.com/News/330288,i...-reit.aspx [Article]
Personally, the most interesting paragraph is the details on Management remuneration -
Quote:Interestingly, MGCCT will pay its management company based on the distribution growth, which should make the interests of the manager and the investors much more aligned. It will also give the manager an added incentive to increase dividends. Normally, Reit managers in Asia are paid a fee based on the value of the assets, while under this new system the Reit manager won’t get paid for additional acquisitions until they result in an increase in the dividend per unit.
This may be highly attractive to yield investors since it discourages dilution to the DPU - both MIT and MCT have reported strong growth in DPU since listing. It may also compete with other fund manager models like ARA.
(Not Vested in MGCT)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.