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CDL Hospitality Trusts 1H DPS falls 4.7% to 4.10 cents on rights issue

Jude Chan
Jude Chan7/28/2017 08:28 AM GMT+08  • 2 min read
CDL Hospitality Trusts 1H DPS falls 4.7% to 4.10 cents on rights issue
SINGAPORE (July 28): The managers of CDL Hospitality Trusts (CDLHT) post a 4.7% decline in distribution per stapled security (DPS) of 4.10 cents for the first half ended June, from a restated DPS of 4.30 cents a year ago.
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SINGAPORE (July 28): The managers of CDL Hospitality Trusts (CDLHT) post a 4.7% decline in distribution per stapled security (DPS) of 4.10 cents for the first half ended June, from a restated DPS of 4.30 cents a year ago.

This is after taking into account a rights issue launched by CDLHT on June 27, 2017, with new stapled securities to be listed on Aug 2, 2017.

Excluding the effects of the rights issue, DPS would have increased by 10.3% to 4.91 cents in 1H 2017, from 4.45 cents a year ago.

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