I doubt a cap raising is coming here in the ST despite the press article. I don't know who pays these reporters to bring these stories out at critical points (as SP's are bottoming).
As this is a Macquarie satellite MQG would be dumping by now if a cap raising was imminent.
See MOF recently, and today MQG is selling MDT (which makes me think one is surely coming for them).
MCW confirmed the distribution within the last two weeks and is one of the few REITs to keep paying a dividend - likely 4c and we should be notified of that by thursday this week prior to going ex before Christmas.
This is probably good ol CFS dumping in standard fashion. I don't know what is going on with them, and nobody here is able to answer my repeated questions, but I am guessing they have investors pulling cash out.
And as for selling assets, name one REIT that isnt.
"MCW's debt total $3.8 billion"
Can someone please show me this 3.8 billion on their balance sheet?
MCW Price at posting:
20.0¢ Sentiment: None Disclosure: Held
