Seems to me that with the announcement yesterday we have no guidance at all.
"Accordingly, the final distribution will be based upon the Trust's cash position and therefore will only comprise of cash and not include a pro rata issue of units. As previously announced the Trust will determine the final distribution
after taking into consideration the ongoing negotiations with its hedging counterparty and any decisions taken to ensure BJT remains in a sound financial position."
They haven't said they will pay 3 cents but only that they will pay a distribution in cash. In fact sounds like a bit of spin to prepare for lower distribution to me.
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BJT
babcock & brown japan property trust
no guidance at all
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