Ann: H1 2020 results presentation, page-2

Next pennies to drop
* NAV drops from 1.30s to 1.28 on FX rate changes
* MT Signal Sale price adjusted down a few $m due to fair value changes
* Distribution : next one also @ 3c, setting stage for permanent 5-6c annual distribution.

Conclusion: 5-6c distribution on $0.9-1.0 stock

Note: Recent 1y facility extension done at 8.5%. Everybody is getting a piece of this. Dixons got their 3.5m in fees for the half year.