News: RCT Reef Casino Trust gives update on operating results, page-14

Pete correct the yield comes at about 4,6% at around 3,00 AUD. Still not too bad while you wait for the price appreciation. Remeber it is fully franked.

As to your second question I believe they cut it because they need to have more head room to reduce the debt after their latest capital expenses. I do not believe that is going to be for ever. There is a big chance they will increase the divvie at previous level in the future.

I still have conviction in this one and not planning to sell or reduce. We shall see!