As anticipated, on 14 September 2015, the company announced that the Proposed Divestment had achieved a financial close. Trading in its shares will be suspended from 18 September 2015, and the share redemption will be effected on 21 October 2015.
We further note that MIIF traded between 7.8 and 8.0 S cts from 24 August to 14 September 15. Investors who had acquired the shares during this period would have effectively locked in unlevered gains of between 3.1% and 5.8% for what would be a maximum holding period of 2 months while taking what we deem as very low risk.
Investors can refer to the company announcement for more details and key dates.