Please be informed that CapitaLand Investment Ltd is undergoing a distribution in specie of 0.057 new CapitaLand Ascott Trust shares for every existing CapitaLand Investment Ltd share held with ex-date on 28th April 2023, Friday.

We will be catering for the distribution in specie for both LONG and SHORT positions.

 

For LONG clients who are intending to hold their positions past the ex-date and be entitled to the Long CapitaLand Ascott Trust CFD contracts at a price of $0, we would like to highlight the increased risk of a margin call between the ex-date and the Pay date.

Clients will still be subjected to standard margin call procedures.

CapitaLand Ascott Trust CFD contracts will be reflected in your CFD account on Pay date (expected 12th May 2023, Friday).

 

For SHORT clients who are intending to hold their positions past the ex-date, clients will be credited Short CapitaLand Ascott Trust CFD contracts on ex-date at the price of $0.

If clients do not wish to be subjected to the corporate action, clients need to close off the position by 27th April 2023, Thursday, before SG market closes.

 

Updated 25th April 2023, 11:00 am