1-2c distribution june 2010 a certainty

A sizeable 1-2c trust distribution will be paid by CER in line with its constitution as at 30th June 2010. As most are aware as a trust CER is obliged to pay all distributions out of its Taxable Income otherwise heavy tax consequences apply. Last years ($8m) 0.0375c distribution was hampered by one off $30m restructuring and refinancing costs. I suspect that a distribution of 1-2c will be paid comfortably at 30th June. Furthermore in the short term i have no doubt that a stable dividend distribution plan will be reinstated once all refinancing issues have been put aside.

Exciting time to be CER shareholder