There is an upcoming IPO called ARA US Hospitality Trust which will be listed on SGX on 09 May 2019, 2pm. You may wish to subscribe for it, if you are one who likes collecting dividends.
ARA US Hospitality Trust’s initial portfolio (the “Initial Portfolio” or “Properties”) comprises 38 hotels consisting of 27 Hyatt Place hotels and 11 Hyatt House hotels located in the U.S., with a total of 4,950 rooms and the Total Appraised Value of US$719.5 million.
The expected distribution yield is 8.0 per cent from May 1, 2019 to Dec 31, 2019, and 8.2 per cent for the projection year 2020.
IPO Price: US $0.88 per unit
Subscription via ATM: 2 – 7 May 2019 (by noon)
Expected listing date: 9 May 2019, 2pm
Here is an article on Business Times about the IPO: https://www.businesstimes.com.sg/companies-markets/ara-us-hospitality-trust-prices-ipo-at-us088-per-stapled-security-to-raise-us498m
If you wish to know more about this trust, you may download the product highlight sheet and prospectus via the MAS Opera Website:
https://eservices.mas.gov.sg/opera/Public/SD/ViewOfferDoc.aspx?shrID=6b6eed158b674c818ef472265ab5b09b
