Just received word from my broker that there is an upcoming IPO for MANULIFE REIT.
MANULIFE is the insurer that everyone is familiar with. This time round they intend to list to acquire funds from Asia.
The suggested IPO price is $0.82 per share and dividend yield is expected to be around 6.5% pa.
The IPO isn't out yet but placement can be put up with your broker if they have some on hand. Give them a call to check it out.
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