I have been holding Cityspring Infrastructure Trust for many years. For the past 2 years, its distribution has stayed constant at 0.82 cents per quarter. This time round, the distribution announcement surprises me. Besides the usual distribution, shareholders are rewarded with 2 extra distributions due to coming merger with Keppel Inf Trust. The distribution breakdown:
1. 4Q FY2015 Distribution: 0.82 cents per CIT Unit
2. Pre-Completion Stub Distribution: 0.4235 cents per CIT Unit
3. CIT Special Distribution: 1.98 cents per CIT Unit
Total distribution amounts to 3.2235 cents per CIT Unit, almost 4 times the usual distribution.
Congrats to all CIT shareholders. Huat Ah!
Monday, May 11, 2015
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