Aha, Watson, they have announced dividend reinvestment scheme...

Aha, Watson, they have announced dividend reinvestment scheme restoration, and the announcement will be on the 19th. I believe that means they intend to pay a dividend....earnings are a bit above 8c a unit on an annual basis just now, soooo...as it is being a property trust that will mean the distribution will be about 4 cents, perhaps a little less...

"Well Trax, a dividend yielding over 10% for the half year is over 20 percent per annum, tax deferred which makes it worth even more, especially to people with lots of taxable income...perhaps the market thinks the dividend will be much less?

Well Watson, being a trust it has to distribute its income, transferring the tax liability if any to the holder alone...on their past history the dividends/distributions are about equal.

So, this will result in an increase in the share price, HT?

Well, Watson, it will indicate to the more astute that this trust is not in any major trouble and has refinanced where needed. That would seem logical but this is not a logical market just now. It remains to be seen. But I must say Watson that I will not be lighting my pipe with the holding certificate anytime soon".

"Elementary, HT"