When I found out that Croesus Retail Trust could be privatised, I had a feeling of deja vu.
It wasn't too long ago that something similar happened to Saizen REIT and, because of that, I lost a significant income generator.
Now, it seems that I may lose another significant income generator.
As I invest primarily for income, this creates a headache for me, especially when it is a relatively big investment in my portfolio.
Some might remember that Croesus Retail Trust is one of my more significant investments as I shared this in a blog earlier this year.
In any case, the news got me nostalgic. Hence, this blog.
I first blogged about Croesus Retail Trust in July 2012 and, it was obvious, I was not too enthusiastic about it then.
Croesus Retail Trust: IPO planned.
However, all investments are good at the right price and I became an investor in late 2013.
Croesus Retail Trust: Long position.
I like to think that patience will be rewarded and I guess I was in this case.
Then, some readers were worried about Croesus Retail Trust and I wrote a piece titled:
Croesus Retail Trust: Motivations and risks.
When Mr. Market was feeling depressed, I bought more as I believed that an attractive investment just got more attractive.
When Croesus Retail Trust offered rights units, I bought more because they were going to use the money for reasons which I liked.
See, for example:
22 for 100 rights issue (at 61c each)
Rights issues are not necessarily a bad thing and this is a topic I have blogged about many times in the past.
REITs and rights issues: Dilutive?
Over time, Croesus Retail Trust became a very significant investment that it is today for me.
I like what I see.
So, I stay invested.
Oh, if you think this blog title sounds familiar, it should be because it is a play on this blog:
History with Sabana REIT and current thoughts.
Of course, regular readers would know that a big part of my investment in Croesus Retail Trust was funded by the proceeds from selling my investment in Sabana REIT years ago.
Added more Croesus Retail Trust and reduced Sabana REIT.
I made pretty good money from my investment in Sabana REIT and I have made good money so far from investing in Croesus Retail Trust.
Even though I would prefer to continue receiving income from Croesus Retail Trust, if it should be privatised, then, I would probably enjoy (with misgivings) another round of capital gain.
Croesus Retail Asset Management Pte. Ltd. (the “Trustee-Manager”), as trustee-manager of Croesus Retail Trust (“CRT”), wishes to announce that it has been approached in connection with a potential transaction which may or may not lead to an acquisition of all the issued units in CRT (“Units”).
My investment portfolio.