A Primer on Real Estate Investment Trusts, Business Trusts and Stapled Trusts in Singapore

5.4.1

In a Trust Scheme, the acquiror typically acquires all the units or stapled securities of a Target Entity in consideration for cash and/or the issuance of new securities of the acquiror to the existing unitholders or stapled securityholders of the Target Entity. A Trust Scheme will typically be adopted in a situation where the acquiror wishes to acquire all the units or stapled securities of a Target Entity.

5.4.2

A Trust Scheme will typically require:

(a)

the approval by the unitholders or stapled securityholders of the Target Entity to amend the trust deed constituting the Target Entity to include

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Nonprofit teaches high school students how to invest real money

First Generation Investors, 2020. (Photo courtesy of Cole Mattox)

Students participating in First Generation Investors, 2020. (Photo courtesy of FGI)

“Stocks over sneakers,” says the T-shirt, neatly capturing the premise behind First Generation Investors (FGI). Three college students launched the nonprofit, which uses real money to introduce high school kids from economically disadvantaged backgrounds to investing in the stock market, in 2018.

FGI was founded by Dylan Ingerman along with his brother Alex, and their friend Cole Mattox while attending the University of Pennsylvania. From a single location in Philadelphia and three kids, FGI now has chapters in 25 schools with 30 more planned to open this fall.

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