AIMS REIT has announced a DRP issue price of 1.4378 for the period Jul - Sept 2012. In an earlier post, I posted that participated in the previous DRP.

See SGX annoucement here:

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_EC84889857D463E348257AAE003D8C30/$file/AIMSAMPIREIT_DRP_Unit_Issue_Price_2QFY2013_distribution.pdf?openelement

I will be participating in this round's DRP. Again, I will try to apply for an "optimal" number of units.

**Some details to note:**

DPU: $0.025

issue price: $1.4378

Last done price: $1.465

The amount of DRP units allocated can be calculated using the formula below:

N = (S * D) / V

N is the number of DRP units to be allotted and issued.

S is the number of participating units held by the unit holder

D is the qualifying distribution per unit. In this case, it is 0.025

V is the issue price of the DRP unit. In this case it is 1.4378

**N will be rounded down. Any fractional entitlements will be disregarded.**
Since D and V are fixed, we can re-write the formula as:

N = (S * 0.027) /1.1622

For those who want to calculate how many units they want to participate to get a certain number of units, they can use the above formula.

Related Posts:

AIMS DRP (Aug-Sept 2012)

AIMS DRP: The optimal number of units to apply?

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