Selmax,Contacted MOF today to get some clarity on this topic as...

Selmax,

Contacted MOF today to get some clarity on this topic as its distributions for 2010 were only alluded to in the Sept 09 report. I called to confirm what i read. The answers i got are as follows and are approximates at this stage;

FY 2010 - EPS - Approx 3.64c per share
Payout ratio - Approx 70%
FY 2010 - Dividend - Approx 2.5c per share (70% of 3.64c)

Reasons given for the reduced EPS for 2010 were;
- lower due to asset sales = less rent (dilution of 0.19c per share)
- last dividend was fully underwritten (equates to 0.15c per Share)
Cross currenncy exchange swaps (equates to approx 0.15c per share)

MOF will provide more accurate guidance of distributions for 2010 closer to the next half yearly dividend in December 09. Dividends will now be paid twice yearly - the upcoming dates are as follows;

Ex-distribution date 24.12.09 - 24.06.10

Record date 31.12.09 - 30.06.10

Approximate distribution payment date
end February - end August
Reports available
end March - end September

Hope this makes sense

Matt