distribution policy review by ubs, page-4

KW, that seems correct re. the announcement, however the following was also part of that announcement and was reiterated in today's conference call.

Re. UBS review
"As part of this process the distribution policy is under review and the Board expects to provide further clarification and guidance following the outcome of this review over the next few months."

It seems that the board will not commit until UBS have done their work. There was a later comment from the chairman that distributions will "more likely than not be paid" BUT that was immediately followed by something along the lines of .......we will wait for UBS to complete their review.

So, if I have read between the lines correctly, I would guess that even if the debt was paid off tomorrow, management will still wait for the UBS review before committing to distributions.

Just my take, FWIW.