Monday, May 11, 2015

Cityspring Distribution

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!