MapleTree NAC Trust

[发哨子2020]

Collected my dividend $0.01583.
And now $1.22

 

[Andrew833]

For those who still holding MNACT shares;
Last day of trading of the MNACT Units Wednesday, 8 June 2022
Suspension of trading of the MNACT Units Thursday, 9 June 2022 at 9.00 a.m.

Date for the payment of the Cash-Only Consideration and/or the cash component of the Cash-and-Scrip Consideration (as the case may be) to MNACT Unitholders Friday, 29 July 2022

Applicable period in respect of the odd lots trading arrangement put in place by the MNACT Manager for the trading of odd lots of MCT Units Friday, 29 July 2022 to Monday, 29 August 2022(8)
Date of delisting of MNACT Wednesday, 3 August 2022

 

[Andrew833]

Date of announcement of the conditional Record Date for the Trust Scheme Date of announcement of the conditional record date for the clean-up distribution to MNACT Unitholders (“MNACT Clean-up Distribution”) Date of announcement of the conditional record date for the clean-up distribution to MCT Unitholders (“MCT Clean-up Distribution”)
Tuesday, 31 May 2022

 

[LongXia]

The uncles see a loophole in the MCT/MNACT merger scheme offer... if you have both MCT and MNACT, you may want to follow what they have been doing last week and even today... I m lazy to write all over again, so I just copy and paste what I posted in two other forums last week.....

if you have both MCT and MNACT.....
Follow what the coffee shops uncles are doing now.....
That is, buy MCT when it falls below $1.80, like today, $1.76 is very good ... then when time for the offer, opt for " cash-only consideration" which is $1.1949 per MNACT unit...

I do not know exactly what the uncles are going to do later on, but that' s their advice.
For a simple calculation, let say you have 100 lots MNACT units
1) if you take " cash only consideration" you will be receiving, $119,490.00 cash
2) now if you opt for " scrip only consideration " , you will be receding 100,000 x 0.5963 new MCT shares = 59530 MCT units

Now, let say, you take today' s MCT price of $1.76... your 59,530 MCT units are worth only $104,772.80. A difference of $14,718.00.

Therefore, you might as well buy MCT units now, and then take full cash when the scheme offer is made to you. So you will end up with 59,530 MCT units, which will sure to rise above $2.00 eventually, and at the same time pocket some kopi money.

 

[LongXia]

The uncles see a loophole in the MCT/MNACT merger scheme offer... if you have both MCT and MNACT, you may want to follow what they have been doing last week and even today... I m lazy to write all over again, so I just copy and paste what I posted in two other forums last week.....

if you have both MCT and MNACT.....
Follow what the coffee shops uncles are doing now.....
That is, buy MCT when it falls below $1.80, like today, $1.76 is very good ... then when time for the offer, opt for " cash-only consideration" which is $1.1949 per MNACT unit...

I do not know exactly what the uncles are going to do later on, but that' s their advice.
For a simple calculation, let say you have 100 lots MNACT units
1) if you take " cash only consideration" you will be receiving, $119,490.00 cash
2) now if you opt for " scrip only consideration " , you will be receding 100,000 x 0.5963 new MCT shares = 59530 MCT units

Now, let say, you take today' s MCT price of $1.76... your 59,530 MCT units are worth only $104,772.80. A difference of $14,718.00.

Therefore, you might as well buy MCT units now, and then take full cash when the scheme offer is made to you. So you will end up with 59,530 MCT units, which will sure to rise above $2.00 eventually, and at the same time pocket some kopi money.

Remember there is also a clean up distribution of estimated 2 to 2.5 cents for MNACT and 3 to 3.5 cents for MCT, that you will be entitled to if you keep both REITs until the offer is made.

some retailers think they are very smart. They said why wait until the offer is made to you in July? sell MNACT now, and get the cash immediately, after all, $1.20/$1.21 is higher than cash offer price of $1.1949....They forget that if you sell now, you need to pay brokerage fees, and you' ll also miss out on the clean up distribution. For MCT there is a high potential of it hitting its scheme valuation of $2.03 after the dusts have settled.... the uncles are seldom wrong when it comes to loopholes....

 

[lunafan]

The uncles see a loophole in the MCT/MNACT merger scheme offer... if you have both MCT and MNACT, you may want to follow what they have been doing last week and even today... I m lazy to write all over again, so I just copy and paste what I posted in two other forums last week.....

if you have both MCT and MNACT.....
Follow what the coffee shops uncles are doing now.....
That is, buy MCT when it falls below $1.80, like today, $1.76 is very good ... then when time for the offer, opt for " cash-only consideration" which is $1.1949 per MNACT unit...

I do not know exactly what the uncles are going to do later on, but that' s their advice.
For a simple calculation, let say you have 100 lots MNACT units
1) if you take " cash only consideration" you will be receiving, $119,490.00 cash
2) now if you opt for " scrip only consideration " , you will be receding 100,000 x 0.5963 new MCT shares = 59530 MCT units

Now, let say, you take today' s MCT price of $1.76... your 59,530 MCT units are worth only $104,772.80. A difference of $14,718.00.

Therefore, you might as well buy MCT units now, and then take full cash when the scheme offer is made to you. So you will end up with 59,530 MCT units, which will sure to rise above $2.00 eventually, and at the same time pocket some kopi money.

That is provided you have spare $100k+ sitting around just to enter MCT without needing to wait for the refund from MNACT

 

[LongXia]

That is provided you have spare $100k+ sitting around just to enter MCT without needing to wait for the refund from MNACT

I am illustrating from the uncles angle... even if you take 10 lots (surely this is not too much bah), you are talking about a thousand dollars difference, not forgetting missing out on the clean up distribution from both sides....

of course if you have a lot of spare cash, you would be waiting and queuing at $1.20 every day like the black market uncles and even brokers, to wait for people to throw to them.... because these people, after minusing the cash consideration of $1.1949 and brokerages fees, will still stand to gain at least 2 cents of clean up distribution... so it you talking about a million shares.. that’s $20k for about a month work... so you understand why every day, there’s more than 100 million shares queuing to buy at $1.20.

 

[Andrew833]

Remember there is also a clean up distribution of estimated 2 to 2.5 cents for MNACT and 3 to 3.5 cents for MCT, that you will be entitled to if you keep both REITs until the offer is made.

some retailers think they are very smart. They said why wait until the offer is made to you in July? sell MNACT now, and get the cash immediately, after all, $1.20/$1.21 is higher than cash offer price of $1.1949....They forget that if you sell now, you need to pay brokerage fees, and you' ll also miss out on the clean up distribution. For MCT there is a high potential of it hitting its scheme valuation of $2.03 after the dusts have settled.... the uncles are seldom wrong when it comes to loopholes....

This case is only suitable for those people with many extra cash.
Those with limited cash will do switching. How much is the commission if you are talking in thousands lol.

 

[waxqube]

I am illustrating from the uncles angle... even if you take 10 lots (surely this is not too much bah), you are talking about a thousand dollars difference, not forgetting missing out on the clean up distribution from both sides....

of course if you have a lot of spare cash, you would be waiting and queuing at $1.20 every day like the black market uncles and even brokers, to wait for people to throw to them.... because these people, after minusing the cash consideration of $1.1949 and brokerages fees, will still stand to gain at least 2 cents of clean up distribution... so it you talking about a million shares.. that’s $20k for about a month work... so you understand why every day, there’s more than 100 million shares queuing to buy at $1.20.

Ok, but you need to wait for the merger to complete which means you earn like 2% in 3 months -- that's about 8% in 1 year which is basically close to long-term return of stock market... Of course it's a high chance the merger will go through but still... Overall the one who wins in this case will be the broker... no?

 

[LongXia]

Don’t understand the music here....
it is exactly what I meant... the brokers often see what the black market uncles are alert to, because these uncles HAVE TO trade through them. So they will join in the game, and all the more so, because being brokers, they save on a chunk of the trading fees, and the gain is more substantial. Hence you see why every day, big buy queue at $1.20. You throw to them, they happily makan.

The long queue at $1.19 belongs to the insiders btw.....
anyway, when the time comes you’ll know exactly what I m trying to say. sometimes cannot talk too much.

 

[duhduhduh]

Did I miss out any point on this "clean up dividend"? Anyone can share?

 

[lzydata]

Did I miss out any point on this "clean up dividend"? Anyone can share?

There will be a clean up distribution but the amount is not announced yet. Anyway MNACT is going to stop trading soon.

 

[Andrew833]

Did I miss out any point on this "clean up dividend"? Anyone can share?

Date of announcement of the conditional Record Date for the Trust Scheme Date of announcement of the conditional record date for the clean-up distribution to MNACT Unitholders (“MNACT Clean-up Distribution”) Date of announcement of the conditional record date for the clean-up distribution to MCT Unitholders (“MCT Clean-up Distribution”)
Tuesday, 31 May 2022

Last day of trading of the MNACT Units Wednesday, 8 June 2022
Suspension of trading of the MNACT Units Thursday, 9 June 2022 at 9.00 a.m.

 

[lzydata]

Last day of trading ended, goodbye MNACT

 

[waxqube]

Last day of trading ended, goodbye MNACT

Goodbye indeed... Have held MNACT since 2015, before the name change, and now there's yet another name change. Hopefully the merged entity will do well!

 

[NinjaStars]

What date is the payment of the clean-up distribution?

 

[LongXia]

What date is the payment of the clean-up distribution?

The amount and payment date has not been determined yet....

 

[LongXia]

Today at the close, more than 140 millions were throw to the waiting sharks waiting at the $1.20:queue... suggesting that someone or ones, do not want to wait for the cash payout from the scheme offer, and want to take money first from the market to spend elsewher..... like maybe buying more MCT shares ( guess only ah!). If tomorrow the price keeps running upstairs, this suggestion could be simply true....

vested in both MNACT and MCT. PDYODDDD!!!

 

[NinjaStars]

Today at the close, more than 140 millions were throw to the waiting sharks waiting at the $1.20:queue... suggesting that someone or ones, do not want to wait for the cash payout from the scheme offer, and want to take money first from the market to spend elsewher..... like maybe buying more MCT shares ( guess only ah!). If tomorrow the price keeps running upstairs, this suggestion could be simply true....

vested in both MNACT and MCT. PDYODDDD!!!

Prefer to just do nothing and get full 1.1949. That way dont need to incur any exchange fees. And also get the clean up distribution.

However, this is more favourable if and only if have spare ammunition for opportunities. If no ammunition then makes sense to let go now and re-deploy immediately or soon.

 

[o0KelviN0o]

I received this from DBS not too long ago:

Date of Court hearing of the application to sanction the Trust Scheme: Monday, 27 June 2022

Last day of trading of the MNACT Units: Tuesday, 28 June 2022

Date and time of commencement of trading of the Consideration Units: Wednesday, 17August 2022, 9.00 a.m

Date for the delisting of MNACT: Friday, 19 August 2022