Cambridge Industrial Trust is offering 38,483,354 new units on a basis of 1 preferential share for every 25 existing units at an issue price of $0.531. It is a discount of ~3.5% from the closing price of $0.55 today. The last day to take up this offer is 10th Nov and i intend to take up the offer of 2400 shares and subscribe an excess of 2600 shares so as to make up to 5 lots.
If i do get all 5 lots, my average cost will increase to $0.507 per share.
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