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29-06-2011, 06:15 PM
GIL utilized $2.71 mil from the rights issue proceeds to purchase Class D floating rate notes of BMI CLO I and $3.27 mil to purchase Class E floating rate notes of ALM IV, Ltd. $9.45 mil of the rights issue proceeds remain untapped. GIL has forecast 0.75 SG cents distribution for 1H 2011 which gives rise to a yield of 9.38%. GIL generated 0.86 SG cents core earnings in 1Q 2011 so is there a possibility of increased DPU in 1H 2011 ?
(Not Vested)
(Not Vested)
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