Macquarie International Infrastructure Fund (MIIF)

Macquarie International Infrastructure Fund (MIIF) recently announced on 15 May 2015 they will be delisted at 0.0825 per share.

As per Business Times, "... The total proceeds to be distributed to shareholders following the proposed divestment are expected to be approximately 8.25 Singapore cents per share..."

This is rather sad news for me as I got some of MIIF at $0.085 on 11 May 2015.

My argument at that point is

1. Sellers only need to sell an EXPRESSWAY. It is not a factory or machines or product but an expressway that definitely people must use daily. Not much maintenance is required. It is not very hard to sell it unless the China Govt is in the way.

2. RMB is rising upwards. Buyers stand to gain!

3. Macq office only owns 11% at most 15%, if they sell at a price too low, other shareholders can reject to the proposal.

4. More possible gain scenarios that loss situations.

Anyway, what is done cannnot be undone.

Lesson learnt: Do not get a stock that is going to be delisted. It more of a gamble than investment,

Next up: A trilogy about my new portfolio... (Sold many of my stock holdings and going to start a new portfolio with the remaining stocks.)