Saturday, January 17, 2009

ApexHi

As a shareholder / Unitholder in ApexHi I can't say I'm very happy with the offer from Redefine income fund to buy out the unit holders in ApexHi and Madison.

I believe shareholders are better served by staying invested in ApexHi and will enjoy stronger dividends from the ApexHi portfolio.

I intend voting against the offer.

2 comments:

Colin Brazendale said...

I hope the big shareholders are with you on this one.

Being a small shareholder of a property company gives you less say in the assets, unfortunately.

Anonymous said...

Yup... Agh the 11% dividend yield that Redefine are promising has some appeal, I just prefered the sleeker ApexHi model...