I don't understand the why you think that VRLPA will pay a dividend?
In future they might not pay again.....
ASIC Concludes Enquiries into Village Roadshow
VILLAGE ROADSHOW LIMITED 2003-06-03 ASX-SIGNAL-G
HOMEX - Brisbane
+++++++++++++++++++++++++ MEDIA RELEASES
The Australian Securities and Investments Commission (ASIC) today announced the conclusion of its enquiries into the suspension of preference share dividends by Village Roadshow Limited (Village Roadshow).
ASIC found that the decision by the board of Village Roadshow to suspend preference share dividends was permitted under the constitution of the company. ASIC's findings are supported by advice from senior counsel.
ASIC considers that in future, issuers of preference share prospectuses should comprehensively disclose any risk of the suspension of dividends.
ASIC Website: www.asic.gov.au
VRL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
