thanks Coppertop,
whilst I agree that BJT is in a fairly sound position and the dividend is still attractive, there is no denying that we as shareholders are entitled to feel pretty P##sed Off.
My problem with BJT is that I can no longer trust management. They have already screwed over shareholder by taking over 1/3rd of our last due dividend to line their own pockets. Now, with this new ruling, it appears that they have even less incentive to pass on previously expected dividends. I have been burned enough and no longer feel comfortable investing in companies that put management first and shareholders last.
BJT
babcock & brown japan property trust
investor services clarification, page-29
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