Manulife US Reit - Feeling before and after

What a different feeling.

Yesterday I felt sad and frustrated that I got zero allocation for the Manulife US Reit IPO units.

Today I feel relief that I got zero allocation for the Manulife US Reit IPO units.

It was surprising to me that Manulife US Reit opened trading at USD 0.82, even below its IPO price of USD 0.83.  It ends the day at USD 0.79, 4.8% lower than its IPO price.  Well, I think the market has spoken that the Reit was priced too high.

Surprising on Manulife US Reit's performance as today is a green day for the STI index.  Also, not too bad on my Reit counters too as only Fraser Comm Trust declined today.

I may pick up some Manulife US Reit if it falls to a more appetizing level.  No hurry as I think the first dividend distribution from Manulife US Reit comes only in March 2017. 

No luck on Manulife US Reit IPO

Received full refund back to my bank account.  So I did not get any allocation for this Manulife US Reit.

It seems like I have no luck with these "M" counters.  I did not get the previous Mapletree groups and now also missed out on this Manulife.  Haha.

I can only comfort myself that perhaps headwinds are likely blowing on the Reits now.  All my Reit holdings (except Cache Log Trust) declined today.  Perhaps I can switch my fund to accumulate some other counters.

Interesting day tomorrow.  Good luck to all who got this Manulife US Reit.