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The IPO Prospectus
Rights Issue Part 1: Terms and Definition
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Monday, April 12, 2010

Stock Movement - 12 APR 2010: Cache Logistics closes at 0.955 on the first day of trading

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Cache Logistics Trust started trading today at 2:00 PM. It opened at 0.995, which is also the intraday high. It closed at 0.955, which is about 8.5% above the IPO price of 0.880. Volume was high with 149,350,000 units changing hands within the half day of trading.


Author's Note
The projected yield for 2010 is 8.7% over the IPO price of 0.880, or DPU of 7.656 cents annually. The closing price of 0.955 means the projected yield is now down to about 8%. The closing price is about 9.7% above the NAV per unit of 0.870. The industrial Reits of similar asset value like AIMSAMPIReit and Cambridge are still trading at discounts to their NAVs per unit (See About a Reit - IPO of Cache Logistics Trust).

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