Bons,
In the announcement dated 16/4/2010 it was stated that CTN would pay dividends equal to 6% of the prior years n.t.a.
It also mentioned that they could still pay special dividends on top of that figure.
The 6% is a minimum figure & if they cannot pay it out of profits they will meet that obligation by way of capital return.
This is how I interpreted the announcement.
Bob
Ann: Net Tangible Asset Backing , page-4
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