Keppel Infrastructure Trust (KIT) recently announced the winding up of KIT and the acquisition of all assets and liabilities of KIT by City Spring Trust (CIT). In return, KIT Unitholders will receive the following:
1) A Distribution of of S$0.0293 for the period from 1 January, 2015 to 17 May, 2015
2) 2.106 Units of CIT for every 1 Unit of KIT held
Upon the completion of the acquisition, the new entity will be named Crystal Trust.
My disclosure: I am long KIT
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