Hi Evan
another potential Event needed for this upcoming…
same as Keppel give Keppel Reit situation…
Centurion Corporation Limited (SGX:OU8) announced a dividend in specie in early 2026, distributing 1 Centurion Accommodation REIT (SGX:8C8U) unit for every 10 Centurion shares held. This move distributes 4.88% (roughly 84 million) of CAREIT units to CCL shareholders, aiming to reward investors while keeping the sponsor’s stake at approximately 37.9%. [1, 2]
Key Details on Centurion Dividend in Specie (2026):
- Distribution Ratio: 1 Centurion REIT unit for every 10 Centurion Corporation shares.
- Impact on Stake: Reduces Centurion Corp’s holding to 37.9%, while giving shareholders direct ownership in the REIT.
- Yield Estimate: The dividend in specie is estimated to provide a ~7.6% yield based on the value of distributed units.
- Purpose: To reward shareholders, enhance trading liquidity of the REIT, and reduce the parent company’s direct concentration