A drop in DPU? Yes, that is right. From 2.086c in the last distribution to 1.981c this time round.
This is due mainly to a private placement of 60 million units in March this year. This is an important reason why I prefer a rights issue to a private placement.
With a rights issue, all unitholders are given a chance to participate in the enlarged capital base of the REIT. With a private
