Any feature to cater for upcoming potential CCT and CMT merger?

Q&A
21

Hi Yong,

Ah… I created a placeholder dividend for CCT as well -> https://stocks.cafe/stock/dividend/C61U/?type=xdetails

Let’s update the amount once it is released. Please let me know then :slight_smile:

Thanks,
Evan

22

Thanks Evan :smiley:

23

Hi Evan, I believe news just announced will be 3.1cents /share. can u update?

24

Done -> https://stocks.cafe/stock/dividend/C61U/capitaland+commercial+trust?type=xdetails&exchange=XSES

Thanks!

25

Hi Evan,

Any advice on how we can manually update ?

Currently have both stakes in CCT and CMT but im not sure how to update

thanks

26

Under the Trust Scheme, CMT will be acquiring all the units in CCT held by CCT Unitholders in exchange for a combination of new units in CMT and cash. The consideration for each CCT Unit under the Trust Scheme (Scheme Consideration) comprises 0.720 new CMT Units (Consideration Units) and S$0.2590 in cash (Cash Consideration).

Based on the above, I will do the following.

  1. Create a sell transaction for all your CCT (SGX:C61U) shares at price 0.72 x 1.91 + 0.259 = 1.6342.
    Note: I chose 1.91 because on 16 Oct 2020, that it the close price of CMT (SGX:C38U).

  2. Create a buy transaction for CMT (SGX:C38U) of 0.72 x number of shares of CCT that you had at price = 1.91
    Note: Here, I did not include the 0.259 because we receive those in cash.

Cheers,
Evan

1 Like
27

Thanks very much Evan! I have done that :smiley:

Does this mean that my units from CCT got transferred to CMT on the day of last trading (16 oct)? Or expected effective date on 21 october

28

I actually do not know as I am not a holder of CCT. However, based on what I gathered is that the “ExDate” of it being recognize is 16 Oct and the “PayDate” of it being executed is 21 Oct.

29

It makes sense to use the 16th as that was the last day you could actually trade CCT.

30

Hi Evan,

I think chomp is referring to CMT only.
CCT is 0.02 cents, further details on the clean-up distribution will be announced by the Manager on 30 October 2020. May I suggest to KIV for CCT till then?
Thanks.

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source

32

Hi Evan,

For CMT, I believe that the 0.001 is a placeholder which was created previously. Will you be removing it, or do we remove ourselves?
Thanks.

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33

Hi Yong,

Seems like there are two dividends upcoming? One of which we do not know the amount yet? -> https://www.sgx.com/securities/corporate-actions?value=CAPITALAND%20MALL%20TRUST&cat=DIVIDEND

I got this information from -> https://stocks.cafe/friend/viewissue?issue_id=1853

Cheers,
Evan

34

Hi Evan,

Hmm… this is interesting, i thought the 0.031 for CMT was the clean-up already.
As for the CCT, im pretty sure it is not 0.031.
Maybe lets wait till 30 Oct, so we can have a clearer picture. :smiley:

35

Hi Yong,

I see. Yes, please keep me informed! (I am not following closely because there are just too many things to monitor)

Thanks,
Evan

36

Hi Evan, can you please update the instructions at Any feature to cater for upcoming potential CCT and CMT merger? based on the latest info? I’ll then follow the steps outlined. Thanks!

37

I believe the suggestion here is still valid => Any feature to cater for upcoming potential CCT and CMT merger?

38

Hi Evan,
The clean-up distribution as below. Thanks.

CMT
0.0089, Payment date 19 Nov 2020
source1 source2

CCT
Total 0.0256, Payment date 19 Nov 2020
source1 source2

39

Hi Evan,

I have followed your step above to create a sell transaction for all my CCT share on 16 Oct 2020, however realised CCT distribution date ex date on 19th October so I can’t see my CCT distribution after that.

Would it make more sense to amend your sell and buy transaction to be on 19 Oct instead?

40

I see. In this case, please use 19th Oct then :slight_smile:

41

Hi Evan,

The Payment date of CMT dividends (0.0089) is 19 Nov 2020. Please help to change. Thanks.