In a statement, which was issued ahead of the launch of the Hong Kong retail portion of the offering today, the Reit manager confirms that the upper end of the indicative dividend yield range will exceed 9% - a return that it will achieve through a combination of financial engineering and guarantees and waivers from the sponsors. According to sources, the average real yield on the 20 properties included in the portfolio is much lower, with some estimates putting it at no more than 3%.
Even at...
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