FCOT, formerly known as Allco Commercial Reit, has done the inevitable: 3-for-1 rights at 9.5 cents to raise $205.5 mln net of expenses. F&N will subscribe for its 22.2% entitlement. It will underwrite up to a further 10.5% for a total subscription of up to 32.7%. (The discount to the theoretical ex-rights price, TERP, of 13.1 cents, based on the last traded price of 24 …