Existing unitholders of Accordia Golf Trust (AGT) should keep their AGT units until Accordia Golf, the sponsor and parent company of AGT, completes the deal, according to KGI Securities.

This is because there is still a 1 cent upside from the current unit price and a 1 cent dividend payout in Sept, the brokerage notes.

“We must highlight there is a risk that the final payout to unitholders might be lower than 75 cents if there are claims from the sponsor, but we believe this risk is minimal,” KGI analyst Joel Ng writes in a note dated August 20.

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