Ascott Trust (HMN.SI) 2000 shares @ 1.00 for approximate 7.0% dividend yield - *SHARES BOUGHT WITH DIVIDENDS PREVIOUSLY RECEIVED*

Reasons for buying:

- Just saw a news article published on Bloomberg titled, "Singapore Slumps Into Recession With Record 41.2% GDP plunge". Suffice to say it could be a long road to recovery for the hospitality industry but when it does recover, Ascott Trust being the largest hospitality trust in the Asia-pacific region with geographical diversification should outperform greatly in my humble opinion.

- After successful combination with Ascendas Hospitality Trust in 2019, it enabled Ascott Trust's inclusion into FTSE EPRA NAREIT Global Real Estate Index from 22 June 2020.

- Currently trades at an attractive price to book of 0.746 (According to SGX website), compared to historical mean of 0.9x

- Due to the Covid-19 situation and the lower profits, the group are exercising prudence in capital and cashflow management, as they should, and will most likely affect the level of distribution payout to shareholders. 

- Lastly, with my designated dividends account (all dividends previously received get deposited into this account), I decided to re-invest a portion of it to purchase the shares of ART. So I can consider it the "FOC" shares of my portfolio.