| No. of Rights Units | % of Rights Issue | |
|---|---|---|
| Valid Acceptances | 246,557,766 | 97.2 |
| Excess Applications | 168,453,301 | 66.4 |
| Total | 415,011,067 | 163.6 |
From the results, it seems many investors subscribe to the rights allocation they were entitled to. In fact, only 2.8% were available for the excess applications. This came as a surprise as Reits are generally getting weaker and weaker each day from the news of Fed tapering. Perhaps, the huge discount plays a big factor in subscribing, at least that's for my case.
I don't hope much of getting excess applications. But at least I will be entitled to my rights, just like the 97.2% of people who subscribed to it.
