K-Green Trust

[LLS]

K-Green's assets has a limited life span, once its contract with government expires the NAV will fall to zero

[opmi]

both trading halt. Merger??? for scale and for K Green "face-saving' exit???

14 Nov 2014 10:58:24 AM KEPPEL INFRASTRUCTURE FUND MANAGEMENT PTE LTD KEPPEL INFRASTRUCTURE TRUST Request for Trading Halt::Request for Trading Halt

14 Nov 2014 10:53:45 AM CITYSPRING INFRASTRUCTURE MANAGEMENT PTE. LTD. CITYSPRING INFRASTRUCT TRUST Request for Trading Halt::Request f

[structuredfinancier]

FANTASTIC! A nicely married deal. Finally reaping the rewards of holding KIT that pays out 7% dividends consistently over the last few years with share price remaining flat at about $1.03 (despite decreasing NAV).

Tried to buy CitySpring this morning but didn't pay up. That stock would get cash redistribution of 2.9cents not including the dividends to be declared before merger is completed.

KIT will get back about 2 cents cash distributions. Dividends to be declared in Jan 2015 will like be 4.69 cents. With the increased liquidity, yield should be nearer 7%. So even at current price, KIT is still attractive.

Question is - is it better to go through CSpring?

[butcher]

KIT going into a merger with CST with acquisition of KMC

2.106 CST units : 1 KIT unit

Post merger, quarterly dividend payout

proposed acq of KMC will be raised via eqty which should priced ard $1.03

post merger, will be a flagship investment vehicle on sgp infrastructure with non contestable strategic assets like city gas, bass link (aussie)

post merger, nav ≈ 94cts & with acq of kmc and fund raising, nav ≈97 cts

kmc valued appx $510m with valuation done by Stone Forest Corporate Advisory