COF 0.88% $1.14 centuria office reit

Ann: Dividend/Distribution - COF, page-108

  1. 20,515 Posts.
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    It doesn't quite work like that.
    A fall of that magnitude would trigger a breach of the lending covenants & trigger a capital raising.
    With the price where it currently is that would be diluting & as such would reduce the NTA further.
    A snowball effect if you like.

    Anything bigger than a 20% fall in asset prices & were in trouble IMO.
 
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