CER 0.00% 32.0¢ centro retail group

A sizeable 1-2c trust distribution will be paid by CER in line...

  1. 297 Posts.
    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
 
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Currently unlisted public company.

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